On $15.8.2018, X$ draws a bill on $Y$ for $3$ months for $R s . 2, 000. 18 t h N o v$ . was a sudden holiday, maturity date of the bill will be: _______.

17 t h N o v .

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18 t h N o v .

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19 t h N o v .

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15 t h N o v .

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Solution

The correct option is D $19 t h N o v .$
$3$ months from $15.8.2018$ ends on $15.9.2018 + 3$ grace days; hence date of maturity $18.11.2018$ but since $18.11.2018$ is sudden public holiday due date will be $19.11.2018$ .

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