54) Mr. Ali received Rs. 39,480 by discounting a bill at the bank. If the bill was due in
months and the discount rate was 12% what was the face value of the note?
a) 41,849
b) 41.000
c) 42,842
d) 42,000
Answers
Answered by
0
Answer:
What is the present value, true discount, banker's discount and banker's gain on a bill of ₹104500₹104500 due in 99 months at 6%6% per annum?
F =₹104500=₹104500
T =9=9 months =912=912 years =34=34 years
R =6%=6%
Banker's Discount, BD
=FRT100=104500×6×34100=₹4702.50=FRT100=104500×6×34100=₹4702.50
Present value, PW
=F1+RT100=1045001+6×34×1100=₹100000=F1+RT100=1045001+6×34×1100=₹100000
True Discount, TD
=PW×RT100=100000×6×34100=₹4500=PW×RT100=100000×6×34100=₹4500
Banker's Gain, BG
= BD - TD
=4702.50−4500=₹202.50
Answered by
1
Answer:
42,842 May bee
he will add
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