Discussion :: True Discount
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The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
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Answer : Option A
Explanation :
| Required sum |
= P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence |
=Rs.[\([\frac { 100*702 } { 100+8*1/2 } ]\)+\( (\frac { 100*702 } { 100+(8*1) } )]\)
=Rs(675+650)
=Rs.1325
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