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Omveer • 5.26K Points
Tutor III Math 

Q. What will be the true discount for the present worth of ₹ 600 for a period of 4 yr at 4% per annum rate of interest?

  • (A) ₹ 100
  • (B) ₹ 32
  • (C) ₹ 86
  • (D) ₹ 96
Correct Answer - Option(D)
Explanation by: Omveer 
Given that, T = 4 yr, R = 4%
PW = ₹ 600 and TD = ?
According to the formula, (1)
TD = (PW x R x T)/100
TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96

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