Discussion :: True Discount
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The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
Answer : Option B
Explanation :
Let P.W. be Rs. x.
Then, S.I. on Rs. x at 16% for 9 months = Rs. 189.
x x 16 x\(\frac { 9 } {1 2 } *\)\( \frac { 1 } {100 } \)=189 or x = 1575
P.W. = Rs. 1575.
Sum due = P.W. + T.D. = Rs. (1575 + 189) = Rs. 1764.
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