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प्रश्न
State whether the following statement is True or False.
The banker’s discount is always lower than the true discount.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
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उत्तर
This statement is false.
Explanation:
Banker’s Discount is calculated on the face value, while True Discount is calculated on the present worth. Since face value is greater than present worth, the banker’s discount is always greater than the true discount.
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