According to the question, Quantity of diesel purchased by him in 1 year = (3500/7) = 500 litres Quantity of oil purchased in 2 year = (3500/10) = 350 litres Quantity of diesel purchased in 3 year = (3500/14) = 250 litres Total quantity of oil purchased in give three years = 500 + 350 + 300 = 1100 litres Total amount spent on diesel in given three years = 3500 × 3 = Rs. 10500 Required average = 10500/1100 = 9.5454 ~ Rs. 9.54
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Communication of acceptance is complete:
Under Negotiable Instrument Act 1881, a negotiable instrument may be negotiated