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

PW =  $\frac{Amount}{1+\frac{R}{100}}=\frac{2800}{1+\frac{12}{100}}$   = Rs.2500 

TD = Amount - PW = 2800 - 2500 = Rs.300