find the present value of a bill of rs. 4,050 at 7.5% p.a . whose unexpired term is 2 months.
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Solution :-
Principal = Rs. 4050
Rate of Interest = 7.5 %
Time = 2 months = 2/12 years = 1/6 years
Simple Interest = (P*R*T)/100
⇒ (4050*7.5*1/6)/100
⇒ 30375/600
⇒ Rs. 50.625
Rs. 4050 + Rs. 50.625
= Rs. 4100.625
The present value will be Rs. 4100.625
Answer.
Principal = Rs. 4050
Rate of Interest = 7.5 %
Time = 2 months = 2/12 years = 1/6 years
Simple Interest = (P*R*T)/100
⇒ (4050*7.5*1/6)/100
⇒ 30375/600
⇒ Rs. 50.625
Rs. 4050 + Rs. 50.625
= Rs. 4100.625
The present value will be Rs. 4100.625
Answer.
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