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UP TGT Mathematics commercial mathematics Test Series - Part 1

Find the true discount on Rs. 12,100 due after 1 year at 10% p.a.

Type: MCQ • Marks: 1
Find the true discount on Rs. 12,100 due after 1 year at 10% p.a.
Options
A. 1200
B. 1050
C. 1150
D. 1100
Explanation
Present worth=12100/1.10=11000. True discount=12100-11000=Rs. 1,100.
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