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A bill of Rs. 25000 is due in 1 year. Calculate the Banker's Discount at the rate of 5% per annum.

Practice Questions

1 question
Q1
A bill of Rs. 25000 is due in 1 year. Calculate the Banker's Discount at the rate of 5% per annum.
  1. Rs. 1250
  2. Rs. 1000
  3. Rs. 1500
  4. Rs. 2000

Questions & Step-by-step Solutions

1 item
Q
Q: A bill of Rs. 25000 is due in 1 year. Calculate the Banker's Discount at the rate of 5% per annum.
Solution: Banker's Discount = (25000 × 5 × 1) / 100 = Rs. 1250.
Steps: 7

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