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Question

Calculate the due dates of the bills in the following cases:
Date of Bill
Tenure (Period)
(i)
1st December, 2017
60 Days
(ii)
30th April, 2018
2 Months
(iii)
28th January, 2018
1 Month
(iv)
23rd November, 2017
2 Months
(v)
29th May, 2017
4 Months

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Solution

Date of Bill

Tenure

Calculation

Due Date

(i) December 01, 2017

60 Days

30 (December) + 30 (January) + 3 days of grace

February 02, 2018

(ii) April 30, 2018

2 Months

2 Months from April 30, 2016 would be June 30, 2016 + 3 days of grace

July 03, 2018

(iii) January 28, 2018

1 Month

1 Month from January 28, 2017 would be February 28, 2017 + 3 days of grace

March 03, 2018

(iv) November 23, 2017

2 Months

2 Months from November 23, 2016 would be January 23, 2017 + 3 days of grace

January 26, 2017, but it is a national holiday so, due date would be one day before i.e., January 25, 2017

(v) May 29, 2017

4 Months

4 Months from May 29, 2017 would be September 29, 2017 + 3 days of grace

October 02, 2017 but it is a national holiday so, due date would be one day before i.e., October 01, 2017

Note: Due date of (ii) is mismatched from the book. As per our solution, it is 3rd July, 2018 and it is 3rd July, 2017 as per text book.
Due date of (iii) is mismatched from the book. As per our solution, it is March 03, 2017 and it is March 01, 2017 as per text book.


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