Question

A Rs. 400 note drawn upon 12th Aug. 1962
for 90 days is deposited at the bank on 17th
Sept. 1962. The bank charges a 61/2% discount. What will be the amount received by
the depositor ? (A year may be taken of 360
days).
(A) Rs. 395.20 (B) Rs. 396.10
(C) Rs. 397.40 (D) Rs. 394.95
(E) None of these​

Answer 1

Answer:

395.40 is the correct Answer