The true discount on Rs. 1,440 at 10% per annum is Rs. 240. After how long is the sum due?
Correct answer C. 2 years
Explanation
PW = 1,440 − 240 = Rs. 1,200. TD equals simple interest on PW: 1,200 × 10 × T/100 = 240, giving T = 2 years.
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