general math MCQ #917

The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

general math MCQ #917

  1. Question 1

    Q1. The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

    • A) Rs. 1386
    • B) Rs. 1764
    • C) Rs. 1575
    • D) Rs. 2268

    Answer: Rs. 1764

    Explanation: True discount formula: TD = Amount × R × T / (100 + R×T); with T = 3/4 yr and R = 16%, solving gives Amount = Rs. 1,764.