$ 20 is the true discount on $ 260 due after a certain time. What will be the true discount on the same amount due after half of the earlier time, the rate of interest being the same.

$ 10

$ 10.40

$ 15.20

$ 13

Correct Answer: $ 10.40

Explanation:

Question

$ 20 is the true discount on $ 260 due after a certain time. What will be the true discount on the same amount due after half of the earlier time, the rate of interest being the same.

Accepted Answer

$ 20 is the true discount on $ 260 due after a certain time. What will be the true discount on the same amount due after half of the earlier time, the rate of interest being the same.

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