Arithmetic Ability
True Discount

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Q.

Find the present worth of a bill of Rs.28000 due 2 years at 12% compound interest. Also find the true discount.

View Answer

Correct choice: A

Explanation:

PW = Amount/(1+R100)T=2800(1+12/100)2 = Rs.2500 TD = Amount - PW = 2800 - 2500 = Rs.300
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