Answer:
RS 3127.166
RS 107.834
Step-by-step explanation:
6 month bill :
Drawn date = Feb, 3
Discounted date = March 3,
Difference = 1 month
6 month - 1 month = 5 months = 5 * 30 = 150 days
Value of the bill :
P(1 - rate * time)
3235(1 - 0.08 * 150/360)
3235(1 - 0.08 * 0.4166666)
3235(1 - 0.0333333)
3235(0.9666666)
= Rs3127.1666
Value of bill = 3127.166
Bankers gain = 3235 - 3127.166 = 107.834
When using factoring by grouping, the replacement terms will both have the same sign of the original middle term. If the last term is negative, then the signs of the factors will have one of each sign with the “stronger” number (the larger absolute value) matching the middle term. hope this helps
Answer:
5.65, I don't know what unit is needed or if it should be rounded
