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If the true discount on sum due 2 years hence at 14% per annum be Rs. 168, the sum due is

Correct Answer: Rs. 768

Explanation:

We know that,


P.W = 100×T.D/R×T


= 100×168/14×2


P.W = 600.


 


Now, required Sum = (P.W. + T.D.)


= Rs. (600 + 168)


= Rs. 768.


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