The true discount on a bill due 9 months hence at 16% per annum is Rs. 162.The amount of the bill is Choose one.
A) Rs. 1386 B) Rs. 1350 C) Rs. 1575 D) Rs. 2268 E) None of these
Solution   32.5   Let P.W. be Rs. x.Then,S.I. on Rs.x at 16% for 9 months =Rs.162.   ∴ x 16 x9/ 12x 1/100}= 162 or x = 1350.   ∴ P.W. = Rs. 1350.   Answer Rs. 1350
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The true discount on a bill due 9 months hence at 16% per annum is Rs. 162.The amount of the bill is