aap bill of rupees 10000 is renewed the drawing space rupees 3000 as part payment the amount of interest charged is rupees 200 what is the value of new bill
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As bill of 10000 is renewed And , 3000 is paid by the drawee So, He has to pay only (10000-3000) =7000 And according to the question, Interest is also being charged of Rs. 200 So interest will also be added in the payable amount i.e., 7000+200=7200 So 7200 will be the value.
Explanation:
As bill of 10000 is renewed And , 3000 is paid by the drawee So, He has to pay only (10000-3000) =7000 And according to the question, Interest is also being charged of Rs. 200 So interest will also be added in the payable amount i.e., 7000+200=7200 So 7200 will be the value.
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