ABC26GN5386 · True Discount
Subject: General Aptitude · Chapter: True Discount · Exam: · Marks: · Difficulty:
Find the present worth of ₹930 due 3 years hence at 8% per annum. Also find the discount.
Answer
Explanation
$$\text{P.W.}=\frac{100\times\text{Amount}}{100+(\text{R}\times\text{T})}=₹\left[\frac{100\times930}{100+(8\times3)}\right]=₹\left(\frac{100\times930}{124}\right)=₹750.$$ $$\text{T.D.}=(\text{Amount})-(\text{P.W.})=₹(930-750)=₹180.$$
Explanation as extracted from the printed page; notation may be imperfect.
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