HSC Commerce 12th Board ExamMaharashtra State Board
Share

Books Shortlist
Your shortlist is empty

# Solution for The Present Worth of the Sum of Rs. 5,830, Due 9 Months Hence, is Rs. 5,500. Find the Rate of Interest. - HSC Commerce 12th Board Exam - Mathematics and Statistics

ConceptCommission, Brokerage and Discount

#### Question

The present worth of the sum of Rs. 5,830, due 9 months hence, is Rs. 5,500. Find the rate of interest.

#### Solution

Sum due = Rs. 5,830, due 9 months

Present Worth (P.W.) =Rs. 5,500

True Discount (T.D.) = Rs.(5830-5500)=330

330=5500/100xx9/12xx x

x=330/55xx12/9

x=8%

Is there an error in this question or solution?

#### APPEARS IN

2014-2015 (March) (with solutions)
Question 4.7 | 2.00 marks

#### Video TutorialsVIEW ALL 

Solution for question: The Present Worth of the Sum of Rs. 5,830, Due 9 Months Hence, is Rs. 5,500. Find the Rate of Interest. concept: Commission, Brokerage and Discount. For the courses HSC Commerce, HSC Commerce (Marketing and Salesmanship)
S