Q:
If the true discount on sum due 2 years hence at 14% per annum be Rs. 168, the sum due is
Answer & Explanation
Answer: B) Rs. 768
Explanation: We know that,
P.W = 100×T.D/R×T
= 100×168/14×2
P.W = 600.
Now, required Sum = (P.W. + T.D.)
= Rs. (600 + 168)
= Rs. 768.
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