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Calculate the interest yield of the following commercial paper: Note: Write down the formula and also show the calculation in the working note. Particular Amount
Calculate the interest yield of the following commercial paper:
Note: Write down the formula and also show the calculation in the working note.
Particular | Amount |
Face Value | Rs 7,50,000 |
Sale Price | Rs 5,40,000 |
Maturity Period | 100 days |
Brokerage and other ch | 10% |
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