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The True discount on Rs1760 due after a certain time at 12% per annum is Rs160. The time after which it is due is?

15months
5months
12months
10months

Correct Answer: 10months

Explanation:

P.W = Rs. (1760 - 160) = Rs.1600

S.I on Rs.1600 at 12% is Rs. 160

Time = (100 x 160)/(1600 x 12) = 5/6 years = (5/6) x 12 months = 10 months

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