The true discount on a bill due 9 months hence at 12%
per annum is Rs. Find the amount of the bill and its present
worth.
Rs.6000
Rs.6500
Rs.5500
Rs.6570
Explanation:
Let amount be Rs. x. Then,
x*R*T/100 + (R x T)
=T.D.
=>x * 12*3/ 4/[100+[12*3/4]]
=540
x= 540x109 = Rs.6540
Amount - Rs. 6540. P.W. = Rs. (6540 - 540) - Rs. 6000
Let amount be Rs. x. Then,
x*R*T/100 + (R x T)
=T.D.
=>x * 12*3/ 4/[100+[12*3/4]]
=540
x= 540x109 = Rs.6540
Amount - Rs. 6540. P.W. = Rs. (6540 - 540) - Rs. 6000