Question

9. Interest on calls in arrears can be charged maximum (B.S.E.B., 2021) at: (a) 6% p.a. (b10% p.a (c)5% p.a. (d) 12% p.a.​

Answer 1

Answer:

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Explanation:

The maximum rate of interest in calls in arrears is 5% p.a. whereas it is 6% p.a. in calls in advance.