ILLUSTRATION 5
For goods sold, N draws the following bills on R who accepts the same as per terms.
Amount of the bills (Rs.)
8,000
9,000
8,000
15,000
Date of Drawing
06.01.2007
15.02.2007
21.02.2007
14.03.2007
Date of Acceptance
09.01.2007
18.02.2007
21.02.2007
17.03.2007
Tenure
3 months after date
60 days after date
2 months after date
30 days after sight
On 18th March 2007, it is agreed that the above bills will be withdrawn and the acceptor will pay the whole amount in one lump sum by a cheque, 15 days ahead of average due date and for this, a rebate of Rs. 1,000 will be allowed. Calculate the average due date, the amount and the date of the cheque.
Answers
Answered by
2
Answer:
Hey
Explanation:
,bizjzzjoznznONnoKKk
Similar questions