On 01.06.2017 A draws a bill on B for Rs. 25,000. At maturity the bill is dishonoured and Rs.100 is paid by A as noting charges. B requests A to accept Rs. 5,000 in cash and for the balance A draws a bill on B for 2months with interest @12% p.a. What will be the amount of interest?
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Answer:
2,200 is your answer
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Answer:
402 is the correct ans
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