Question

True discount on a sum is 3/8 of the sum due at 12% p.a. Find the period of the bill.

Answer 1

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» True discount on a sum is 3/8 of the sum due at 12% p.a. Find the period of the bill ?

» Let the total sum be x

» So ,

» I = p×r×t

100

» 3×x = x×12×t

8 100

» t = 3× 100

12 × 18

» t = 25

18

» Total Bill is of ₹ 1•3