Maths The present value of a bill payable after 7 months is Rs 1200 If the bill had been paid after 2 1/2 years, its present value would have been Rs 1016. Find the amount of the bill and the rate of interest?

Q.202384: The present value of a bill payable after 7 months is Rs 1200 If the bill had been paid after 2 1/2 years, its present value would have been Rs 1016. Find the amount of the bill and the rate of interest?
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