A bill of Rs 10000 drawn on 15th september for 3 months is discounted on 6th October at 8% p.a. Find the B.D. How much would the holder of the bill receive?
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Answered by
0
Answer:
160
Step-by-step explanation:
A =10000
i =
100
8
= 0.08
Bill is drawn on 15
th
April, so legally due date is 18
th
July.
As bill is discounted on 6
th
may.
Remaining period= 25days of May+ 30days of June+ 18 days of July
= 73 days =
365
73
=
5
1
so, B.D = 10000×0.08×
5
1
=160
Hope it will help ....<3
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