So, x * 16 * \(\left(\frac{ 9}{12}\right)\) * \(\left(\frac{ 1 }{ 100 }\right)\) = 189
or, x= Rs. 1575
Therefore, Amount due = P.W + T.D
= Rs. ( 1575 + 189 )
= Rs. 1764
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Choose the correct option.
A owes B, Rs. 1573 payable 1\(\frac{1}{2}\) years hence. Also B owes A, Rs.1444.50 payable 6 months hence. If they want to settle the account forthwith, keeping 14% as the rate of interest, then who should pay and how much ?
Therefore, B should pay Rs. ( 1350 - 1300 ) = Rs. 50, to A.
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The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.
The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.
And, Rate = \(\left[\frac{100 * 120 }{ 600 x 3}\right]\)
= 6.667%
= (6 + \(\frac{2}{3}\)) %
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