True Discount - Arithmetic Aptitude Questions and Answers

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

Rs. 1325

Rs. 1300

Rs. 1350

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.[ $[\frac { 100*702 } { 100+8*1/2 } ]$ + $(\frac { 100*702 } { 100+(8*1) } )]$