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If the true discount on a sum is $100 and the sum is due in 3 years at a rate of

Practice Questions

Q1
If the true discount on a sum is $100 and the sum is due in 3 years at a rate of 15% per annum, what is the sum?
  1. $800
  2. $900
  3. $1000
  4. $1100

Questions & Step-by-Step Solutions

If the true discount on a sum is $100 and the sum is due in 3 years at a rate of 15% per annum, what is the sum?
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