Find the bankar's discount at a bill of ₹ 12750 due four months hence when rate of interest is 6% per annum ?
View Answer
Workspace
Share
Answer : Option C
Explanation :
Given That, A = ₹ 12750, R = 6% and T = 4 Months = 4/12 = 1/3 yr , BD = ? According to the formula, BD = (A x R x T)/100 = [12750 x 6 x (1/3)] / 100 = (12750 x 2) / 100 = ₹ 255
Be The First To Comment
