Quantitative Aptitude :: True Discount - Discussion
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Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?
ARs. 7.19
BRs. 10.40
CRs. 12.07
DRs. 16
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Simple Interest(S.I) on Rs. (260-20) for a given time= Rs.20
Simple Interest(S.I) on Rs. (260-20) for a half time = Rs.10
True Discount(T.D) on Rs.250 = Rs.10
True Discount(T.D) on Re. 1= Rs. (10/250)
Therefore, True Discount(T.D) on Rs.260 = Rs.[(10/250) x 260] = Rs. 10.40
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