Aptitude - True Discount - Discussion

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Q.

A bill falls due in 1 year. The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years. By this arrangement ins Rb. 40. What is the amount of the bill, if the money be worth 12-z% ?                         
A. Rs. 360 B. Rs. 3,600
C. Rs. 4,000 D. Rs. 4,200

Answer: Option B
Explaination:

 


Discussion

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