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The true discount on ₹ 1, 860 due after a certain time at 5% is ₹ 60. Find the time after which it is due.
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- 10 months
- 8 months
- 9 months
- 1 year
Correct Option: B
Here , True discount = ₹ 60 , Rate = 5%
∴ Present worth = 1860 – 60 = ₹ 1800
| Time = | |
| Present worth × Rate |
| Time = | = | year | ||
| 1800 × 5 | 3 |
| Time = |  | × 12 |  | months = 8 months | |
| 3 |
