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If the present value of a bill is Rs. 7200 and the bankers' discount is Rs. 800,

Practice Questions

Q1
If the present value of a bill is Rs. 7200 and the bankers' discount is Rs. 800, what is the face value of the bill?
  1. Rs. 8000
  2. Rs. 7200
  3. Rs. 6000
  4. Rs. 5000

Questions & Step-by-Step Solutions

If the present value of a bill is Rs. 7200 and the bankers' discount is Rs. 800, what is the face value of the bill?
Correct Answer: Rs. 8000
  • Step 1: Identify the present value of the bill, which is Rs. 7200.
  • Step 2: Identify the bankers' discount (BD), which is Rs. 800.
  • Step 3: To find the face value of the bill, use the formula: Face Value = Present Value + Bankers' Discount.
  • Step 4: Substitute the values into the formula: Face Value = 7200 + 800.
  • Step 5: Calculate the sum: 7200 + 800 = 8000.
  • Step 6: Therefore, the face value of the bill is Rs. 8000.
  • Present Value and Face Value – Understanding the relationship between present value, face value, and bankers' discount in financial calculations.
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