1.

The true discount on a bill due 9 months hence at 12% per annum is Rs. Find the amount of the bill and its present worth.

Answer»

Let amount be Rs. x. Then, 

x*R*T/100 + (R x T) 

=T.D. 

=>x * 12*3/ 4/[100+[12*3/4]] =540 

x= 540 x 109 = Rs.6540 

Amount - Rs. 6540. P.W. = Rs. (6540 - 540) - Rs. 6000.



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