State whether true or false: The banker's discount is always lower than the true discount.
Q.4 (B) (i) State whether true or false: The banker's discount is always lower than the true discount.
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Answer: False
Banker's discount is simple interest on the face value, while true discount is simple interest on the (smaller) present worth for the same period. So B.D. \(\gt\) T.D.; their difference is the banker's gain.
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· 28 Oct 2026
AI-verified · Oct 2026
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