Question

The true discount on a bill due 9 months hence at 12% per annum is Rs. Find the amount of the bill and its present worth.

Answer 1

Let amount be Rs. x. Then,

xRT/100 + (R x T)

=T.D.

=>x 123/ 4/[100+[12*3/4]] =540

x= 540 x 109 = Rs.6540

Amount - Rs. 6540. P.W. = Rs. (6540 - 540) - Rs. 6000.