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A bill of ₹ 60,000 payable 10 months after date was discounted for ₹ 57,300 on 30th June, 2007. If…
A bill of ₹ 60,000 payable 10 months after date was discounted for ₹ 57,300 on 30th June, 2007. If the rate of interest was $11\frac{1}{4}\%$ per annum, on what date was the bill drawn?
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From ISC 2017 Mathematics Paper 1, question 14(b).