A bill of Rs. 25000 is due in 1 year. If the Banker's Discount is Rs. 2000, what

Practice Questions

Q1
A bill of Rs. 25000 is due in 1 year. If the Banker's Discount is Rs. 2000, what is the rate of interest?
  1. 8%
  2. 10%
  3. 12%
  4. 15%

Questions & Step-by-Step Solutions

A bill of Rs. 25000 is due in 1 year. If the Banker's Discount is Rs. 2000, what is the rate of interest?
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