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Find the present worth of a bill of Rs.28000 due 2 years at 12% compound interest. Also find the true discount.

300
350
250
275
Explanation:
P.W=$\dfrac{Amount}{\left(1+\dfrac{R}{100}\right)^{T}}$
=$\dfrac{2800}{\left(1+\dfrac{12}{100}\right)^{2}}$
= Rs.2500
TD = Amount - PW = 2800 - 2500 = Rs.300
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