If Rs.20 is the True Discount on Rs260due after a certain time.What wil be true discount on the same sum due after half of the former time, the rate of interest being the same?
Correct Answer: Rs.10.40
Explanation:
Simple Interest on Rs. (260-20) for a gven time= Rs.20
Simple Interest on Rs. (260-20) for a half time = Rs.10
True Discount on Rs.250 = Rs.10
True Discount on Rs.260 = Rs.[(10/250) x 260] = Rs. 10.40
