What is the true discount on Rs. 1,150 due 18 months hence at 10% per annum?
Correct answer D. Rs. 150
Explanation
RT = 10 × 1.5 = 15. PW = 1,150 × 100/115 = Rs. 1,000, so TD = 1,150 − 1,000 = Rs. 150.
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