Q:
The true discount on a bill due 9 months hence at 12% per annum is Rs 540. Find the amount of the bill and its present worth?
Answer & Explanation
Answer: C) 6000
Explanation: Let amount be Rs.x then,
[X * R * T] / [100 + (R * T)] = T.D
=> [x * 12 * (3/4)] / [100+(12 * 3/4)] =540
=> x = 6540
Amount = Rs.6540
P.W = Rs.(6540 -540) = Rs.6000
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