A draws a bill on B for Rs. 1, 00, 000. A endorsed the bill to C. The bill return dishonored. Noting charges Rs. 1,000. B requests A to accept the amount at 2% discount by a single cheque. The cheque amount will be

 Noting charges are to be borne by B Total Amount payable by B after dishonor = Rs 1,01,000 Discount Amount                                            = Rs (2% of 1,01,000)                                                                            = Rs 2020 Net amount payable by B                             = Rs (101000-2020)                                                                            = Rs 98,980