A bill of Rs.12,000 was discounted by A with the banker for Rs. 11,880. At maturity, the bill returned dishonoured, noting charges Rs. 20. How much amount will the bank deduct from A’s bank balance at the time of such dishonour?
Rs. 12,000
Rs. 11,800
Rs. 12,020
Rs. 11,900
Rs. 12,020
Bank will deduct
= Rs. 12,000 + Rs. 20
= Rs. 12,020.