Question

Find face value of a bill due 6 months hence at 12% per annum whose present worth is Rs 4500

Answer 1

simple interest= pnr÷100

p=4500

n=6/12

r=12%

then, s. i= 4500×6/12×12/100

=270

face value = principle+s. i

4500+270=4770

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