Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer both questions asap Solve the following questions. Q. No 1 If a person have to repay Rs. 4,425 after 3 years if the

please answer both questions asap
image text in transcribed
Solve the following questions. Q. No 1 If a person have to repay Rs. 4,425 after 3 years if the bank charges a simple interest rate of 7%, how much should he borrow from a bank? Q. No 2 A 90 day Rs 3500, 8% interest bearing note dated April 4 was discounted on May 4 at a discount rate of 9%. What was the discounted value of the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Analyse Bank Financial Statements

Authors: Thomas Padberg

1st Edition

0857195182, 978-0857195180

More Books

Students also viewed these Finance questions

Question

1.who the father of Ayurveda? 2. Who the father of taxonomy?

Answered: 1 week ago