A bill falls due in 1 year. The creditor agrees to accept
immediate payment of the half and to defer the payment of the
other half for 2 years. By this arrangement
ins Rs. 40. What is the amount of the bill, if the money be
worth 12-z% ?
Rs. 3600
Rs. 3000
Rs. 2400
Rs. 1500
Explanation:
Let the sum be Rs. x. Then,
[x/2+(x/2*100)/100+(25/2*2)]-[(x*100)/(100+25/2*1]
=40
=>x/2+2x/5-8x/9=40
=>x=3600
Amount of the bill - Rs. 3600.
Let the sum be Rs. x. Then,
[x/2+(x/2*100)/100+(25/2*2)]-[(x*100)/(100+25/2*1]
=40
=>x/2+2x/5-8x/9=40
=>x=3600
Amount of the bill - Rs. 3600.