Accounting · Bills of Exchange
Sunil owed Rohit Rs. 80,000. Rohit draws a bill on Sunil for that amount for 3 months on 1 April 2015. Sunil accepts it and returns it to Rohit. On 15 April 2015, Rohit discounts it with HDFC Bank at a discount rate of 12% p.a. What is the amount of discount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹26,000
- 2₹29,600
- 3₹2,000✓
- 4₹400
Correct answer
₹2,000
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