Aptitude - True Discount - Discussion
Discussion Forum : True Discount - General Questions (Q.No. 14)
14.
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
Answer: Option
Explanation:
| Required sum | = P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence | |||||||||||||
|
||||||||||||||
| = Rs. (675 + 650) | ||||||||||||||
| = Rs. 1325. |
Discussion:
22 comments Page 3 of 3.
Adi said:
1 decade ago
Can you please explain me the solution of above question ?
Harshitha said:
1 decade ago
Formula for sum=P*100/(100+(T*R)
This is nothing but derivation from simple interest = (P*T*R)/100 .
This is nothing but derivation from simple interest = (P*T*R)/100 .
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