A bill drawn on 12 th June, 2019 for 2 months for Rs.12000 retired one month before due date @ rebate of 10 % p.a. find out the amount of rebate.
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Answer:
Principle=12000
Rate=10%
Time=12×2=24
Simple Interest= Principal ×Rate×Time /100
12000×10×24/100=28,800
Explanation:
Amount= principal+Interest
12000+28,800=40,800
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