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State whether the following statement is True or False. The banker’s discount is always lower than the true discount. - Mathematics and Statistics

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Question

State whether the following statement is True or False.

The banker’s discount is always lower than the true discount.

Options

  • True

  • False

MCQ
True or False

Solution

False.

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Discount
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Chapter 1: Commission, Brokerage and Discount - Miscellaneous Exercise 1 [Page 12]

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Balbharati Mathematics and Statistics 2 (Commerce) [English] 12 Standard HSC Maharashtra State Board
Chapter 1 Commission, Brokerage and Discount
Miscellaneous Exercise 1 | Q 3.07 | Page 12

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