What is the true discount on a bill of Rs.2916 due in 3 years hence

1.	What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?
A.	rs.600
B.	rs.601
C.	rs.602
D.	rs.603
Answer» D. rs.603

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What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?

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