A bill drawn for Rs 2700 was discounted in the bank for Rs 2655. if the rate of discount was 5% p.a,find the time for which the bill was drawn.
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Discount = 2700-2655 = ₹ 45
2700x5/100 x n/12= 45
135n= 540
n= 540/135 = 4 months
2700x5/100 x n/12= 45
135n= 540
n= 540/135 = 4 months
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