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17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs?
Most Upvoted Answer
17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02...
(a) 1800
(b) 1200
(c) 600
(d) 1300
correct answer is (b) 1200
(b) 1200
(c) 600
(d) 1300
correct answer is (b) 1200
Community Answer
17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02...
Calculation of Discounted Amount:
1. Calculation of Time Period:
- Bill drawn on 1/04/16 for 3 months.
- Accepted on 2/02/16.
- Time period from acceptance to maturity = 3 months - 2 months = 1 month.
2. Calculation of Interest:
- Principal amount (P) = Rs. 60,000.
- Rate of interest (R) = 12% p.a.
- Time (T) = 1 month = 1/12 years.
3. Calculation of Discounted Amount:
- Simple Interest (SI) = (P * R * T) / 100
- SI = (60,000 * 12 * 1/12) / 100
- SI = 7200
4. Calculation of Discounted Amount:
- Discounted Amount = Principal - SI
- Discounted Amount = 60,000 - 7,200
- Discounted Amount = Rs. 52,800
Therefore, the amount of discounted will be Rs. 52,800.
Calculation of Discounted Amount:
1. Calculation of Time Period:
- Bill drawn on 1/04/16 for 3 months.
- Accepted on 2/02/16.
- Time period from acceptance to maturity = 3 months - 2 months = 1 month.
2. Calculation of Interest:
- Principal amount (P) = Rs. 60,000.
- Rate of interest (R) = 12% p.a.
- Time (T) = 1 month = 1/12 years.
3. Calculation of Discounted Amount:
- Simple Interest (SI) = (P * R * T) / 100
- SI = (60,000 * 12 * 1/12) / 100
- SI = 7200
4. Calculation of Discounted Amount:
- Discounted Amount = Principal - SI
- Discounted Amount = 60,000 - 7,200
- Discounted Amount = Rs. 52,800
Therefore, the amount of discounted will be Rs. 52,800.
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17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs?
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17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs?.
17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 17)X draws a bill On 1/04/16 for 60000 for 3 months y accepted it 2/02/16.the bill was discounted on 2/05/06 @ 12% p.a the amount of discounted will be rs?.
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