On 1st Jan, X drew a bill on Y for 3 month for Rs 1,50,000. On 4th March, Y pays the bill to X at 12% p.a. discount, the amount of discount will be?

1,500

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3,000

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4,500

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Nil.

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Solution

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

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On 1st Jan, X drew a bill on Y for 3 month for Rs 1,50,000. On 4th March, Y pays the bill to X at 12% p.a. discount, the amount of discount will be?

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

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