The B.G. on a bill due 6 months hence is Rs 100, the rate of interest being 10%p.a. Find the face value (in Rs) of the bill.
A
42000
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B
24000
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C
21000
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D
46000
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Solution
The correct option is A42000 B.G. is interest on T.D. 100=T.D×612×10100⇒T.D=Rs.2000
So, T.D. +B.G. = Rs 2100
B.D. is interest on face value of bill. ∴2100=A×612×10100⇒A=Rs.42000