Discussion
The true discount on Rs. 1860 due after a certain time at 5% per annum is Rs. 60. After how long is it due ?
Answer: C
Correct answer: 8 months
\[60 = \frac{1860 \times 5T}{100 + 5T} \quad\Longrightarrow\quad 60(100 + 5T) = 9300T\]
\[6000 + 300T = 9300T \quad\Longrightarrow\quad 9000T = 6000 \quad\Longrightarrow\quad T = \tfrac{2}{3} \text{ year}\]
Two-thirds of a year is 8 months. The present worth is Rs. 1800, and 8 months of interest on it at 5% is Rs. 60.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development