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True Discount
The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.
rs.1175
rs.1375
rs.1475
rs.1575
Correct Answer:
rs.1375
Explanation:
PW =
100
×
A
m
o
u
n
t
100
+
R
×
T
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