The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 21/2 years, its present worth would be Rs. 1016. Find the rate percent and the sum of the bill ?

• In 7mnth due occured: 1200-1016=184
  In 1 mnth:184/7=26.28
  21/2years means 10.5 mnth so,
  In 10.5 mnth:26.28*10.5=275
  Sum of bill =1016+275=1291
  rate percent= 1291*1000/1016*105=12.09
• 6 years agoHelpfull: Yes(1) No(5)