A bill, drawn on 23rd Jun 2017 falls due in 1 year. The

A bill, drawn on 23rd Jun 2017 falls due in 1 year. The creditor agrees to accept immediate payment of the half and to defer the payment of the other half payable on 22^nd Jun 2019. By this arrangement interest charged is Rs. 60. What is the amount (Rs.) of the bill, if the money be worth 12.5%?

Let the sum be Rs. P.

Then	P	+	2P	-	8P	= 60,
	2		5		9

P = 5,400;
Therefore amount of bill = Rs. 5,400.