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The difference between Simple Interest and True Discount on a certain sum of money, paid by Mr Manohar, for 6 months at 12 1 % per annum is Rs. 25. Find the sum (Rs.). 2
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- 6,800
- 6,500
- 6,000
- 6,200
Correct Option: A
On the basis of above given question , we can say that
Let amount be Rs. P ; True Discount = | ; | |
17 |
Simple Interest = | P x | x | ||
2 | 2 | |||
100 |
Simple Interest = | ; | |
16 |
∴ | - | = 25 | ||
16 | 17 |
⇒ 17P − 16P = 25 × 16 × 17
⇒ P = Rs. 6800
Thus , the sum is Rs. 6800 .