The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:
6 months
8 months
9 months
10 months
Explanation:
P.W. = Rs. (1760 -160) = Rs. 1600.
S.I. on Rs. 1600 at 12% is Rs. 160.
Time=$[\dfrac{100 \times 160}{1600 \times 12}]=\dfrac{5}{6}years
=[\dfrac{5}{6} \times 12]$months=10 months
P.W. = Rs. (1760 -160) = Rs. 1600.
S.I. on Rs. 1600 at 12% is Rs. 160.
Time=$[\dfrac{100 \times 160}{1600 \times 12}]=\dfrac{5}{6}years
=[\dfrac{5}{6} \times 12]$months=10 months