Banker's Discount
1. The present worth of a sum due sometime hence is Rs. 576 and the banker’s gain is Rs. 16. The true discount is:
A. 192
B. 48
C. 96
D. 24
C. 96
2. If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker’s discount on the same sum for the same time and at the same rate ?
A. 128
B. 129
C. 120
D. 9
B. 129