Home / Arithmetic Aptitude / True Discount :: Discussion

### Discussion :: True Discount

1. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

2.  A. Rs. 1325 B. Rs. 1300 C. Rs. 1350 D. Rs. 1500

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

Be The First To Comment