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What is the present value of a bill of Rs. 10000 due in 1 year with a bankers' discount of Rs. 800?

Practice Questions

1 question
Q1
What is the present value of a bill of Rs. 10000 due in 1 year with a bankers' discount of Rs. 800?
  1. Rs. 9200
  2. Rs. 10000
  3. Rs. 10800
  4. Rs. 8800

Questions & Step-by-step Solutions

1 item
Q
Q: What is the present value of a bill of Rs. 10000 due in 1 year with a bankers' discount of Rs. 800?
Solution: Present Value = Face Value - BD = 10000 - 800 = Rs. 9200.
Steps: 5

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