Question

Rani owes Raja Rs.16,000. Rani accepted a Bill for 3 months drawn by Raja for Rs.16,000. 08

Raja discounted the Bill with the bank at Rs.15,600. On due date, the Bill was dishonoured.

noting charges amounted to Rs.40. Rani paid half the amount of Bill and full amount of noting

charges and accepted a Bill for balance including interest Rs.200.​

Answer 1

Rani owes Raja Rs 16,000. Rani accept a bill for 2 months drawn by the Raja for Rs 16,000