Q. What will be the true discount for the present worth of ₹ 600 for a period of 4 yr at 4% per annum rate of interest?
✅ Correct Answer: (D)
₹ 96
Explanation: Given that, T = 4 yr, R = 4%
PW = ₹ 600 and TD = ?
According to the formula, (1)
TD = (PW x R x T)/100
TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96
PW = ₹ 600 and TD = ?
According to the formula, (1)
TD = (PW x R x T)/100
TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96
Explanation by: Omveer
Given that, T = 4 yr, R = 4%
PW = ₹ 600 and TD = ?
According to the formula, (1)
TD = (PW x R x T)/100
TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96
PW = ₹ 600 and TD = ?
According to the formula, (1)
TD = (PW x R x T)/100
TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96