Correct Answer: 18.33
Explanation:
Present worth = Amount - True Discount = 110 -10 = Rs.100
SI on Rs.100 for a certain time = Rs.10
SI on Rs.100 for doube the time = Rs.20
True Discount on Rs.120 = 120 - 100 = Rs.20
True Discount on Rs.110 = 110 × 20 120 = Rs.18.33