Question

Harish has the following bills due on different dates. It was agreed to settle the total amount due by asingle cheque payment. Find the date of the cheque.(i) ₹ 5,000 due on 5.3.2017(ii) ₹ 7,500 due on 7.4.2017(iii) ₹ 6,000 due on 17.7.2017(iv) ₹ 8,000 due on 14.9.2017

Answer 1

Answer:

3 june

Explanation:

by Average due date method

Answer 2

"11th June 2017 "

Explanation:

                                             Average Due Date

Considering 5th March 2017 as starting day

Due Dates                 Amount               No. of days from 5.3.17            Products  

5.3.2017                       5000                                    0                                      0

7.4.2017                        7500                                   33                               247500

17.7.2017                      6000                                   134                              804000

14.9.2017                      8000                                   193                             1544000  

                                    26500                                                                   2595500  

Average Due Date = 5th March + 2595500/26500

                               = 5th March + 98 days = 11th June

Therefore, The cheque be settled on 11th June 2017