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A bill of Rs 1500 is discounted 12 months before it is due, at 12% per annum. How much money does the holder of the bill receive?

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Question 1 of 1

A bill of Rs 1500 is discounted 12 months before it is due, at 12% per annum. How much money does the holder of the bill receive?
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Practice the full set: Banker’s Discount: Formulas, Shortcuts and Solved Examples — MCQs with Answers (Set 1) (25 MCQs) →

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