If the real discount on a payment due in two years is Rs. 168 at a rate of 14 percent each year, the amount due is:
A. Rs. 768
B. Rs. 968
C. Rs. 1960
D. Rs. 2400
Answer:A
If the real discount on a payment due in two years is Rs. 168 at a rate of 14 percent each year, the amount due is:
A. Rs. 768 B. Rs. 968 C. Rs. 1960 D. Rs. 2400
Explanation: P.W. = 100 x T.D./R x T = 100 x 168/14 x 2 = 600 P.W. = 100 x T.D./R x T = 100 x 168/14 x 2 = 600 P.W.(600 + 168) = Rs. 768 Sum = (P.W. + T.D.).