Tricks
1. If rate of interest is R% per annum, time is T yr and present worth is PW, then true discount (TD)
= PW × R × T / 100
2. If rate of interest is R% and money due (for amount) is A after T yr. then
Present Worth (PW) = 100 × A / ( 100 + R × T)
3. If money due A, rate of interest R% and time...
Thursday, 28 May 2020
Shortcut tricks of True discount and Banker's Discount
Posted by eeducation on May 28, 2020 with No comments
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