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The difference between simple interest and true 1 discount on a certain sum of money for 5 years at 8% per annum is Rs.
The difference between simple interest and true 1 discount on a certain sum of money for 5 years at 8% per annum is Rs. 99. The sum is: 8 Rs. 740 11 1. Rs. 736 4 11 7 3. Rs. 750 11 10 4. Rs. 746 11 2 Rs. 740 11 2. 5.
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Solution 2 True discount is the interest on present worth ...
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
