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True Discount

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  1. The difference between the simple interest and the true discount on a certain sum of money for 6 months at 6% is Rs. 27. Find the sum?
    1. Rs. 30900
    2. Rs. 39000
    3. Rs. 20900
    4. Rs. 30600
Correct Option: A

Req. amount = [27 x (100 + 6 x 1/2) x 100] / [(6 x 1/2)2]
= (2700 x 103) / 9 = Rs. 30900


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