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True Discount
If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:
Rs. 768
Rs. 968
Rs. 1960
Rs. 2400
Correct Answer:
Rs. 768
Explanation:
P.W. =
100 x T.D.
=
100 x 168
= 600.
R x T
14 x 2
∴ Sum = (P.W. + T.D.) = Rs. (600 + 168) = Rs. 768.
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