Question

On 3rd April 21, A bill of Rs.18000 is drawn on B for a period of 3 months . B accepted the bill and returned to A. Later, A discounted it with the bank on 7th may 21@6%pa.

Answer 1

Principal - ₹18000

time - 3/12 × 2 = 1/2 half year

Rate - 21/2 %

This information is given to us.

after that , put your amount formula and solve