Find the present worth (PW) and the true discount reckoning 6% per annum simple interest of Rs. 176 due in 20 months time?

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Accepted Answer

P.W. = (100 x 176) / (100 + (6 x 20)/12) = Rs. 160 T.D. = Amount - present worth = Rs. 176 - Rs. 160 = Rs. 16

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