Sale of a bill of exchange
A businessman bought a bill of exchange 6 months before its maturity. After deducting interest at an interest rate of 10% p. . a., he paid €19,000 for it. How much € of interest was deducted from the face value of the bill?
Final Answer:
Tips for related online calculators
Our percentage calculator will help you quickly and easily solve a variety of common percentage-related problems.
Do you have a linear equation or system of equations and are looking for its solution? Or do you have a quadratic equation?
Do you want to convert time units like minutes to seconds?
Do you have a linear equation or system of equations and are looking for its solution? Or do you have a quadratic equation?
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
algebrabasic operations and conceptsUnits of physical quantitiesthemes, topicsGrade of the word problem
Related math problems and questions:
- Value of the note
A 10-month promissory note issued on March 21, 2021, bearing interest of 7.2% p.a., has a maturity value of $4128.02. Find the face value of the note. - Monica
Monica left Php.900 to Bianca. When Monica asked for it after six months, Bianca decided to give Php.945 instead because she could use the money. What was the interest rate on Monica's money used by Bianca? - Interest p.a.
Calculate the value of the interest in the period of 1 year from the deposit 62000 CZK at 8 percent interest rate after deducting 15 percent tax. - An investment
How long will it take for an investment to double at a simple interest rate of 5.10% per annum? Express the answer in years and months, rounded up to the next month. - Wang bought Wang bought a box of a facemask at php 150.75 and a piece of a face shield at php 37.45. How much change did she get for her php 500 peso bill?
- Inflation and deposits
A client deposits 100,000 euros in XYZ bank for a term deposit with an interest rate of 4% pa (per annum). After six months, you went to get the money. How much did he have in his account with the described half-yearly interest? PS When you deposit money - Interest calculation comparison
From € 800 for six months at an interest rate of 7.5% per annum; and - simple interest b - compound interest
