A banker paid Rs. 5767.20 for a bill of Rs. 5840, drawn of Apr 4 at 6 months. If the rate of interest was 7%, what was the day on which the bill was discounted?

🎲 Try a Random Question  |  Total Questions in Quiz: 55  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Banker's Discount — practice the complete quiz, review flashcards, or try a random question.


A banker paid Rs. 5767.20 for a bill of Rs. 5840, drawn of Apr 4 at 6 months. If the rate of interest was 7%, what was the day on which the bill was discounted?