The true discount on a bill due 10 months hence at 6% per

Home » Aptitude » True Discount » Question

The true discount on a bill due 10 months hence at 6% per annum is Rs. 26.25. Then the amount of the bill is ?

1. Rs. 551.25
2. Rs. 550
3. Rs. 551.50
4. Rs. 550.25

Correct Option: A

SI on rupees 100 for 10 months at 6% per annum = (100 x 10 x 6)/(12 x 100) = Rs. 5.
∴ Amount = 100 + 5 = 105.
So true discount = 105 - 100 = Rs. 5

So If TD = 5 then sum due = 100
So, when TD = 26.25 the sum = (100 x 26.25) / 5 = Rs. 551.25