Question

goliable Instrument
ILLUSTRATION 4
A trader having accepted the following several bills falling due on different dates, now desires to have these bills
ancelled and to accept a new bill for the whole amount payable on the average due date
SI No.
Date of bil16 August 2013
2
20 October 2013
3
14 December 2013
24 January 2006 March 2014
You are required to find the said average due date.
Amt
3000
2500
2000
1000
1500
Usance of the bill
3months
60 days
2 months
60 days
2 months​

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