Discussion Forum : True Discount
Question -
The true discount on Rs.1, 860 due after a certain time at 5% is Rs.60. Find the time after which it is due.
Answer: Option D
Answer: (d)Present worth= 1860 - 60 = Rs.1800Time = ${100 × \text"True Discount"}/\text"Present worth × Rate"$= ${100 × 60}/{1800 × 5} = 2/3$ year= $(2/3 × 12)$ months = 8 months
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Answer: (d)Present worth= 1860 - 60 = Rs.1800Time = ${100 × \text"True Discount"}/\text"Present worth × Rate"$= ${100 × 60}/{1800 × 5} = 2/3$ year= $(2/3 × 12)$ months = 8 months
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