Question

Ratan gives a promissory note of three months to balbir for 2500 on 1st September 2015. Balbir gets it discounted at his banks for 2.450. On due date, the bill iş Ratan gives a promissory note of three months to Balbir for 2,500 on 1st September, dishonoured and the bank paid * 25 as noting charges. Balbir agrees to accept 1,575 in cash (including * 25 as noting charges and * 50 as interest) and to draw a new bill for the balance at 2 months. On the due date, Ratan approaches Balbir again and requests for the renewal of the bill for a further period of one month. Balbir​

Answer 1

Answer:

I don't know sorry very hard question