Question

On 1st March, 2016 Meenakshi sold goods to Neeta worth
40,000. Neeta accepted a bill for 3 months drawn by Meenakshi
on 1st March, 2016.
On 31st May, 2016 Neeta requested Meenakshi to renew the bill.
Meenakshi agreed on condition that Neeta should pay 10,000
n cash and accept a new bill for the balance amount plus interest
12% p. a. for 2 months.
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Answer 1

Answer:

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