Question

2. A bill for a certain amount was drawn on 15th Feb, 2020 for 6 months
after date. Find the legally due date. If it was discounted on June 28th, 2020
Find the discount period?
LDD= 18th Aug

Answer 1

Answer:

Legal Due Date = Date of Bill + Period of Bill + 3 grace Days

Therefore Legal Due Date = 13th june + 2 months + 3days

= 13th Aug + 3days

=16th Aug