Question

A company discounts an invoice of ₹10 lakh at a discount rate of 12% p.a. for 90 days. How much amount will the company receive immediately?

A ₹9.70 lakh
B ₹9.80 lakh
C ₹9.90 lakh
D ₹9.60 lakh
E ₹9.50 lakh
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