Question

true discount on a bill is 2200 and bankers discount is 2310 . if the bill is due 10 months , hence find the rate of interest.​

Answer 1

Answer:

rate =simple.intrest*100/principal*time

so, s. I =2310-2200=110

and principal =2200(given)

now,

rate= 110*100/2200*10/12 (since 10 month=10/12yr)

=110*100*12/2200*10 hence, rate=6%