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If the Banker's Discount on a bill of Rs. 8000 due in 6 months at 12% per annum

Practice Questions

Q1
If the Banker's Discount on a bill of Rs. 8000 due in 6 months at 12% per annum is Rs. 480, what is the actual amount received?
  1. Rs. 7520
  2. Rs. 8000
  3. Rs. 7520
  4. Rs. 7520

Questions & Step-by-Step Solutions

If the Banker's Discount on a bill of Rs. 8000 due in 6 months at 12% per annum is Rs. 480, what is the actual amount received?
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