A bill falls due in 1 year. The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years. By this arrangement he gains Rs 40. What is the amount of the bill, if the money be worth `12 1/2%` ?

A moneylender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way he gains Rs. 104.50 a year. The amount of money he borrows, is

A money-lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half-yearly and receives the interest at the end of the year. In this way, he gains Rs 104.50 a year. The amount of money he borrows, is (a) Rs 4500 (b) Rs 5000 (c) Rs 5500 (d) Rs 6000

The present worth of bill due 7 months, hence is Rs. 1200. if the bill were due at the end of 2.5 years, its present worth would be Rs1016. Find the rate of interest of the bill.

Ram owes ₹ 2,000 to Mohan on 1st January 2019 on this date, he accepted a draft for the amount for 3 months.Mohan got the bill discunted at his bank @ 6% p.a. on the due date, the bill was dishonoured , noting charges ₹ 20. Ram agreed to pay ₹ 520 immediately and accpet another bill for the remaining amount for 3 months together with interset at 9% p.a.. this bill was met on the due date. give the journal entries in the books of both paties.