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The true discount on a certain sum of mo...

The true discount on a certain sum of money due 10 yr hence is 68 and the simple interest on the same sum for the same time and at the same rate of interest is 102. Find the sum due.

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The correct Answer is:
To solve the problem step by step, we will use the relationship between True Discount (TD), Simple Interest (SI), and the Sum Due (S). ### Step 1: Understand the Given Information We know: - True Discount (TD) = 68 - Simple Interest (SI) = 102 - Time (T) = 10 years ### Step 2: Recall the Formula The formula for calculating the Sum Due (S) using True Discount and Simple Interest is: \[ S = \frac{TD \times SI}{SI - TD} \] ### Step 3: Substitute the Values Now, substituting the values we have into the formula: - TD = 68 - SI = 102 So, \[ S = \frac{68 \times 102}{102 - 68} \] ### Step 4: Calculate the Denominator First, calculate the denominator: \[ 102 - 68 = 34 \] ### Step 5: Calculate the Numerator Next, calculate the numerator: \[ 68 \times 102 = 6936 \] ### Step 6: Calculate the Sum Due (S) Now we can calculate the Sum Due: \[ S = \frac{6936}{34} \] ### Step 7: Perform the Division Now, perform the division: \[ S = 204 \] ### Conclusion Thus, the sum due is **204**.
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ARIHANT SSC-TRUE DISCOUNT AND BANKER'S DISCOUNT-FAST TRACK PRACTICE
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