On 1st Jan 2013, X draws a bill on Y for Rs 1,50,000 for 3 months. X got the bill discounted on 4th Jan 2013, @ 12% p.a. The amount of discount on bill will be:

4,500

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6,000

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18,000

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3,000

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Solution

The correct option is A 4,500
Calculation of discount for 3 months @ 12% p.a.
= 150000* 3/12 * 12/100
= 4500

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On 1st Jan 2013, X draws a bill on Y for Rs 1,50,000 for 3 months. X got the bill discounted on 4th Jan 2013, @ 12% p.a. The amount of discount on bill will be:

The correct option is A 4,500Calculation of discount for 3 months @ 12% p.a. = 150000* 3/12 * 12/100 = 4500

The correct option is A 4,500
Calculation of discount for 3 months @ 12% p.a.
= 150000* 3/12 * 12/100
= 4500