Home
Class 12
MATHS
A bill for Rs. 7,650 was drawn on 8^(th)...

A bill for Rs. 7,650 was drawn on `8^(th)` March, 2013, at 7 months. It was discounted on `18^(th)` May, 2013 and the holder of the bill received Rs. 7,497. What is the rate of interest charged by the bank ?

Promotional Banner

Topper's Solved these Questions

Similar Questions

Explore conceptually related problems

A bill off Rs 1,000 drawn on 7th May, 2011 for six months was discounted on 29th August, 2011 for cash payment of Rs 988. Find the rate of interest charged by the bank.

A bill of 5050rs is drawn on 13^(th) April 2013. It was discounted on 4^(th) July 2013 at 5% per annum. If the banker's gain on the transaction is 0.50rs , find the nominal date of the maturity of the bill.

A bill of Rs. 1,800 drawn on 10th September, 2010 at 6 months was discounted for Rs. 1,782 at a bank. If the rate of interest was 5% per annum, on what date was the bill discounted ?

A bill of 60,000rs was drawn on 1st April 2011 at 4 months and discounted for 58560rs at a bank. If the rate of interest was 12% per annum, on what date was the bill discounted ?

A bill of 60,000 payable 10 months after date was discounted for 57,300 on 30th June, 2007. If the rate of interest was 11 1/4% per annum, on what date was the bill drawn?

On what principal will the simple interest be Rs. 7,008 in 6 years 3 months at 5% per year ?

Shyam deposited in a bank Rs 7500 for 6 months at the rate of 8% interest compounded quarterly. Find the amount he received after 6 months.