1. If the true discount on a sum due 3 years hence at 14% per annum be Rs. 168, the sum due is:
A. 698
B. 768
C. 1430
D. 1980
Answer: B.
Explanation:
P.W. = 100 * T.D./R * T = 100 * 168 / 14 * 2 = 600.
∴ Sum = (P.W. + T.D.) = Rs. (600 + 168) = Rs. 768.
