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?
- 10 months
- 15 months
- 20 months
- None of these
Explanation
TD = (P × R × T)/100
160 = (1760 × 12 × T)/(100 × 12)
T = (160 × 100 × 12)/(1760 × 12)
= 100/11 years
= 100/11 × 12 months
= 109.09 months ≈ 10 months (approx)
Last verified on 17-01-2026
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