The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 21/2 years, its present worth would be Rs. 1016. Find the rate percent and the sum of the bill ?
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Solution :-
7 month due occured = 1200-1016
=> 184
1 month = 184/7
=> 26.28
21/2years means 10.5 month so,
10.5 mnth= 26.28× 10.5
=> 275
Sum of bill =1016+275
=> 1291
rate percent= 1291×1000/1016×105
=> 12.09
the rate percent and the sum of the bill is 12.09
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@GauravSaxena01
7 month due occured = 1200-1016
=> 184
1 month = 184/7
=> 26.28
21/2years means 10.5 month so,
10.5 mnth= 26.28× 10.5
=> 275
Sum of bill =1016+275
=> 1291
rate percent= 1291×1000/1016×105
=> 12.09
the rate percent and the sum of the bill is 12.09
===============
@GauravSaxena01
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