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The true discount on a bill of $ 1260 is due for 6 months at 10 % per annum is:
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- $ 60
- $ 160
- $ 80
- $ 260
Correct Option: A
Given :- Amount = $ 1260 , Time = 6 months = 0.5 years , Rate = 10%
| ∴ True Discount = $ | Amount x Rate x Time |
| 100 + ( Rate x Time ) |
| True Discount = $ | 1260 x 0.5 x 10 | = $ 60 . |
| 100 + ( 0.5 x 10 ) |
