On 1st April 2011, Rohan sold goods to Shyam for Rs. 30,000 on credit against his acceptance for 3 months. Rohan discounted the bill with his bank on 4th May 2011 @ 9% per annum. Find out the amount of discounting charges.

Rs. 400

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Rs. 350

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Rs. 300

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Rs. 450

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Solution

The correct option is D
Rs. 450

Discount
= Rs. $30, 000 * 9 % * \frac{2}{12}$ = Rs. 450.

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On 1st April 2011, Rohan sold goods to Shyam for Rs. 30,000 on credit against his acceptance for 3 months. Rohan discounted the bill with his bank on 4th May 2011 @ 9% per annum. Find out the amount of discounting charges.

The correct option is D Rs. 450 Discount = Rs. 30,000∗9%∗212 = Rs. 450.

The correct option is D
Rs. 450

Discount
= Rs. $30, 000 * 9 % * \frac{2}{12}$ = Rs. 450.