Question

Find the discount on Rs. 510 due 6 months hence at 4 percent?

Answer 1

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Answer 2

Step-by-step explanation:

Given Find the discount on Rs. 510 due 6 months hence at 4 percent?

• So we need to find the discount. If a loan is borrowed from the bank, the interest on the loan is the discount that the bank deducts from loan amount.
• 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
•                                 So discount D = Rs.10.2

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