general math MCQ #241

The true discount on Rs. 1,760 due after a certain time at 12% per annum is Rs. 160. What is the time after which it is due?

general math MCQ #241

  1. Question 1

    Q1. The true discount on Rs. 1,760 due after a certain time at 12% per annum is Rs. 160. What is the time after which it is due?

    • A) 5 months
    • B) 10 months
    • C) 15 months
    • D) 20 months

    Answer: 10 months

    Explanation: Present value (PV) = 1760−160 = 1600; SI = PV×r×t → 160 = 1600×0.12×t → t = 10/12 = 10 months.