Discussion
The present worth of a bill of Rs. 2650 due 9 months hence at 8% per annum is:
Answer: A
Correct answer: Rs. 2500
With \(RT = 8 \times \tfrac{3}{4} = 6\):
\[PW = \frac{2650 \times 100}{106} = 2500\]
The true discount is the remaining Rs. 150, which is nine months of interest on Rs. 2500 at 8%.
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