The present worth of the sum of Rs. 5,830, due 9 months hence, is Rs. 5,500. Find the rate of interest.
Sum due = Rs. 5,830, due 9 months
Present Worth (P.W.) =Rs. 5,500
True Discount (T.D.) = Rs.(5830-5500)=330
Concept: Commission, Brokerage and Discount
Is there an error in this question or solution?
Video TutorialsVIEW ALL 
Video Tutorials For All Subjects
- Commission, Brokerage and Discount