Multiple choice

The bill of Rs. 10,000 accepted by Mr. P on 1 July, 2009 was discounted by Mr. R on 15 July, 2009 for Rs. 9,600. On 4 October, 2009, the bill was dishonoured and the bank paid noting charges of Rs. 200 for it. The amount to be received from Mr. P would be

  1. Rs. 10,600

  2. Rs. 10,000

  3. Rs. 10,200

  4. Rs. 10,400
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The amount of the bill would be 10,000 + 200 (for bank charges) = Rs. 10,200.

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