Question

Ganesh draws a bill for ₹ 40,000 on 15^th January, 2020 for 2 months. He discounted the bill with Bank of India @ 15% p.a. on the same day. Calculate the amount of discount.

Answer 1

Discount = `40,000 = 15/100 xx 2/12 = 6000/6 = 1000`

∴ Amount of discount = ₹ 1000