Banker's Discount Practice Test 1

Question : 18 of 40

Marks: +1, -0

The true discount on a bill due 9 months at 16% per annum is Rs. 189. What is the amount of the bill?

Solution:

P.W.

={189×100×12}/{16×9}=1575

Hence, sum due = 1575 + 189 = Rs. 1764

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