Question

Find the discount on Ra 510 due 6 months hence at 4 percent

Answer 1

Answer:

10.2

Step-by-step explanation:

So we need to find the discount.

So we have amount M = Rs 510.

rate of interest = r = 4% = 0.04

Time t = 6 months = 6/12 = ½ years.

So D = M.r.t.

= 510 x 0.04 x ½

= 20.4 / 2.

= 10.2