Question

A bill of ₹2,00,000 is drawn for 90 days and discounted at 10% p.a. Calculate the amount of discount and proceeds received. Assume 360 days in a year. 

A ₹5,000 and ₹1,95,000
B ₹4,931.5 and ₹1,95,068.5
C ₹4,500 and ₹1,95,500
D ₹6,000 and ₹1,94,000
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