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True Discount
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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?
A.
1600
B.
7000
C.
6000
D.
6500
View Answer
Correct choice: C
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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