Question

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

Answer 1

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