A bill of * 4,800 was drawn on 9th March 2006 at 6 months and was discounted on 19th April 2006 for 6×1/4 % p.a. How much does the 4 banker charge and how much does the holder receive?
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Step-by-step explanation:
we have to calculate number of days from date of discounting to legal due date calculator it then use the formula of bankers discount and by putting the values solve the question and use second formula of bankers discount and you will get cash value
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