Question

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​

Answer 1

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

Answer 2

Answer:

42,842 May bee

he will add