The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:
A. 6 months
B. 8 months
C. 9 months
D. 10 months
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & P.W. = Rs.\left( {1760 - 160} \right) = Rs.\,1600 \cr & \therefore {\text{S}}{\text{.I}}{\text{.}}\,{\text{on}}\,{\text{Rs}}{\text{.}}\,{\text{1600}}\,{\text{at}}\,{\text{12}}\% \,{\text{is}}\,{\text{Rs}}{\text{.}}\,{\text{160}}{\text{}} \cr & \therefore {\text{Time}} = {\frac{{100 \times 160}}{{1600 \times 12}}} \cr & = \frac{5}{6}{\text{years}} \cr & = \left( {\frac{5}{6} \times 12} \right){\text{months}} \cr & = 10\,{\text{months}}{\text{}} \cr} $$Related Questions on True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A. 12%
B. 13%
C. 15%
D. 14%
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
A. Rs. 12,000 in cash
B. Rs. 12,880 at credit
C. Both are equally good
D. Rs. 18.33
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