Question

A bill for RS.5460 was drawn on 12/6/2007.at 6 months date and discontinued on 17/8/2007 at the rate of 5%. find bankers discount in his bill.​

Answer 1

Step-by-step explanation:

Given  

A bill for RS.5460 was drawn on 12/6/2007.at 6 months date and discontinued on 17/8/2007 at the rate of 5%   find bankers discount in his bill.​

Bill drawn will be 12 / 6 / 2007

Adding 6 months will be 12/12/2007

3 days of grace will be 15/12/2007

Bill matures on 15/12/2007

Bill discounted on 17/8/2007

So Aug            14 days

    Sept            30

     Oct              31

      Nov            30

      Dec             15

                  120 days

Banker’s discount will be

            = Interest on Rs 5460 at 5% p.a. for 120 days

            = 5460 x 120 / 365 x 5/100

            = Rs 89.75

Reference link will be

https://brainly.in/question/13820144#