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Question
Ganesh draws a bill for ₹ 40,000 on 15th January, 2020 for 2 months. He discounted the bill with Bank of India @ 15% p.a. on the same day. Calculate the amount of discount.
Solution
Discount = `40,000 = 15/100 xx 2/12 = 6000/6 = 1000`
∴ Amount of discount = ₹ 1000
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