The present worth of a bill due 4 years hence at 8% discount for $10000 is $7575.8. Calculate the true discount?

The present worth of a bill due 4 years hence at 8% discount for $10000 is $7575.8. Calculate the true discount?

2424.2 = (10000 * 4 * 8) / (100 + 4 * 8)

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