Mathematics · Commercial Arithmetic

An Indian manufacturer has supplied industrial components to a buyer. The transaction involves a trade receivable of ₹25,00,000 with a credit period of 150 days. The manufacturer decides to utilize a factoring facility under the following terms: - Advance Rate: 85% of invoice value. - Discount Rate (Interest): 10.5% per annum, calculated upfront on the advance amount for the credit period. - Service Commission: 0.25% on the total invoice value. - Documentation Fee: ₹1,500 charged upfront. Calculate the initial 'Net Disbursement' credited to the manufacturer's account at the start. (Assume a 365-day year and round to the nearest rupee).