Q:
The true discount on a bill due 9 months hence at 12% per annum is Rs. Find the amount of the bill and its present worth.
Answer & Explanation
Answer: D) 6000
Explanation: Let amount be Rs. x.
Then, [X * R * T] / [100+(R * T)]
x= Rs.6540
Amount = Rs. 6540.
P.W. = Rs. (6540 – 540) =Rs. 6000.
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