On 01.01.2012, X draws a bill on Y for Rs. 30,000. At maturity, the bill is dishonoured and Y requests X to draw a fresh bill for 2 months together with 12 % p.a interest. Noting charges amount to Rs. 100. The amount of interest will be:

Q. The true discount on a bill due

9

months hence at

16

% per annum is

R s . 189

. The amount of the bill is:

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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.

The correct option is A 42000B.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

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.

The correct option is A $42000$
B.G. is interest on T.D.
$100 = T . D \times \frac{6}{12} \times \frac{10}{100} \Rightarrow T . D = R s . 2000$
So, T.D. +B.G. = Rs $2100$
B.D. is interest on face value of bill.
$∴$ $2100 = A \times 612 \times 10100 \Rightarrow A = R s . 42000$