At a rate of 12% per year, the real discount on Rs. 1760 payable after a given period of time is Rs. 160. It is due at the following time:
A. 6 months
B. 8 months
C. 9 months
D. 10 months
Answer:D
At a rate of 12% per year, the real discount on Rs. 1760 payable after a given period of time is Rs. 160. It is due at the following time:
A. 6 months B. 8 months C. 9 months D. 10 months
Explanation: P.W. = Rs. 1600 (1760 - 160).At a rate of 12%, S.I. on Rs. 1600 is Rs. 160.Time = 100 x 160/1600 x 12 = 5/6 years = 5/6 x 12 months = 10 months Time = 100 x 160/1600 x 12 = 5/6 years = 5/6 x 12 months = 10 months