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Choose the correct option.
The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:
A3 months
B4 months
C6 months
D8 months
Answer: Option (Login/Signup)
Show Explanation
So, Rs. 1600 is the present worth of Rs. 1680; i.e; Rs. 80 is on Rs. 1600 at 15%.
So, time=(100*80)/(1600*15)
= 1/3 years
= 4 months.
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STEP-BY-STEP
S.I on Rs. 1600= T.D on Rs. 1680.
So, Rs. 1600 is the present worth of Rs. 1680; i.e; Rs. 80 is on Rs. 1600 at 15%.
So, time=(100*80)/(1600*15)
= 1/3 years
= 4 months.
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