A draws a bill on B for Rs.1,00,000 for 3 months. The bill was discounted with bank at 15%p.a. Half of the proceeds are remitted to B. The amount received by B will be Rs.____ (a) 33,334 (b) 25,000 (c) 50,000 (d) 48,125
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the correct answer to your question is option (d)
₹48,125
we will firstly discount the bill at 15% p.a. for 3 months
after that the amount which will be left we will take half of that
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