Advertisement Remove all ads

The Present Worth of the Sum of Rs. 5,830, Due 9 Months Hence, is Rs. 5,500. Find the Rate of Interest. - Mathematics and Statistics

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

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

Advertisement Remove all ads

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%

Concept: Commission, Brokerage and Discount
  Is there an error in this question or solution?

APPEARS IN

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×