Find the amount (in Rs) that Ram will receive from his bank at the time of discounting the bill.

29500

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29550

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29400

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29600

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Solution

The correct option is D $29550$
Discounting Charges = Amount of Bill Discounted $\times \frac{R a t e}{100} \times$ Unexpired Period = $3000 \times \frac{9 \times 2}{100}$ = Rs. $450$
Ram will receive from his bank Rs . $30000 - 450 = 29550$ at the time of discounting the bill.

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Find the amount (in Rs) that Ram will receive from his bank at the time of discounting the bill.

The correct option is D 29550Discounting Charges = Amount of Bill Discounted ×Rate100× Unexpired Period = 3000×9×2100 = Rs. 450 Ram will receive from his bank Rs .30000−450=29550 at the time of discounting the bill.

The correct option is D $29550$
Discounting Charges = Amount of Bill Discounted $\times \frac{R a t e}{100} \times$ Unexpired Period = $3000 \times \frac{9 \times 2}{100}$ = Rs. $450$
Ram will receive from his bank Rs . $30000 - 450 = 29550$ at the time of discounting the bill.