Question

Find the term of a bill of Rs.18,360 whose true discount at 8% p.a. is Rs.360

Answer 1

Step-by-step explanation:

wkt

STEP 1

TD = PNR/100

.

.

STEP 2

TD X 100 / PR = N

.

.

STEP 3

36000/144000=N

.

0.25 = N

THEN THE FINAL ANSWER IS 3 MONTHS ( 0.25*12)