The true discount on a bill due 9 months hence at 16% per annum is Rs. 240. The amount of the bill is	Pick one:	A) 2200	B) 2240	C) 1600	D) 1354	E) None of these
Explanation:   Let P.W. be Rs.x.   Then, S.I. on Rs. x at 16% for 9 months = Rs. 240.   x Ã— 16 Ã— (9/12) Ã— (1/100) = 240 or x = 2000.   P.W. = Rs. 2000.   Sum due = P.W. + T.D. = Rs.(2000   240) = Rs. 2240.   Answer: 2240
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The true discount on a bill due 9 months hence at 16% per annum is Rs. 240. The amount of the bill is