A bill for Rs.40,000 was discounted by Ganesh with Axis Bank for Rs.3 8,500. At maturity, the bill was dishonored and bank notified it for Rs.600. How much amount Axis Bank will deduct from the bank balance of Ganesh at the time of dishonor?
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Explanation:
₹40000-₹38000=₹1500
₹1500+600=2100
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