What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.? Choose the most appropriate option
A) rs.600 B) rs.601 C) rs.602 D) rs.603 E) None of these
Explanation:   PW = Amount/(1+R100)T.   Answer: rs.602
<result>C</result>
What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?