Question

2. On 31.12.96 Popular Bank Ltd. has the following bills in its portfolio. All the bij
are discounted at 5%.
Amount in Rs.

50,000 due date
31.1.1997
40,000
30.4.97
30,000
3.3.97
Calculate rebate on bills discounted, assuming accounts are closed on 31st December
[Madras, B.A. Corp., March 1997)
[Ans: Rebate on bills discounted on 31.12.96 - Rs. 1,125)​

Answer 1

Answer:

f12456$89₹999887778999866

₹500

₹600

₹8

৳755

Explanation:

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