Question

True discount on the sum due 8 months
hence at 12% p.a. is Rs.560. Find the sum
due and present worth of the bill.​

Answer 1

Given: True discount on the sum due 8 months  hence at 12% p.a. is Rs. 560

To find: The sum  due and present worth of the bill.​

Solution:

• Now we have given the rate as 12% pa and time as 8 months.

• So Present worth will be:

         PW = (100 x T.D.) / (R x T)

         PW = (100 x 560) / (12 x 8/12)

         PW = Rs. 7000

• Now the Amount of bill is:

         P.W. + T.D.

         7000 + 560

         7560

Answer:

              So the due bill is Rs 7560 and Present worth is Rs 7000.

Answer 2

True discount = 560

n=8

r=14

Let present worth be Rs. x. 

Then, True discount = Present worth ×n×rate/100

$x \times 8\div 12 \times 14\div 100 = 560$

$x \times2 \div 3 \times 7 \div 50 = 560$

$x \times 7 \div 75 = 560$

$x \div 75 = 80$

$x = 6000$

Now sum due= present worth + true discount

sum due= 6000 + 560=6,560

Hope this helps you

Please mark as brainliest