📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      A’s acceptance to B for Rs. 5,000 is discharged by a

      cash payment of Rs.3000 and a new bill is drawn for the balance plus Rs.100 for interest. The amount of the new bill will be Rs.    
      A 2000 Correct Answer Incorrect Answer
      B 1900 Correct Answer Incorrect Answer
      C 2100 Correct Answer Incorrect Answer
      D None of the above. Correct Answer Incorrect Answer

      Solution

      Total amount of the old bill = Rs. 5,000 Amount paid in cash = Rs. 3,000 Amount due = Rs. 2,000 Interest on renewable = Rs. 100 So the amount of the new bill = 2000 + 100 = Rs. 2100    

      Practice Next
      ask-question