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

Correct Answer: 300

Explanation:

PW =  A m o u n t 1 + R 100 T = 2800 1 + 12 100 2    = Rs.2500 


 


TD = Amount - PW = 2800 - 2500 = Rs.300


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