Question

A company purchases 1000 bonds of ₹100 each at ₹95 cum-interest, and the interest rate is 8% payable, annually. How much accrued interest is included in the purchase price, assuming the purchase is made exactly one year after the last interest payment?

A ₹8,000
B ₹7,000
C ₹6,000
D ₹7,600
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