Question

a bill was drawn on 1st March 2018 for rupees 8,000 for 3 month. if was discounted from bank on 1st May 2018 @9% p.a.the
amount of discount will be

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Answer 1

Answer:

interest amount is for one month is 60

Explanation:

take amount of bill is ₹8000 and multiply is from 9 and devide by 100 then amount is form 720 then devide this amount by 12 month then it's value is 60 rupees per month, therefore the amount of interest is 60rupees