X has accepted the following bills drawn by sumnath :
|
On 8th March
|
Rs. 4000 |
For 4 Months |
|
On 16th March
|
Rs. 5000 |
For 3 Months |
|
On 7th April |
Rs. 6000 |
For 5 Months |
|
On 17th May |
Rs. 5000 |
For 3 Months |
He wants to pay all the bills on single day. Find out this date. Interest is charged is @ 18 % p.a and X wants to save Rs. 150 by way of interest. Find out the date on which he has to effect the payment to save interest of Rs. 150.
Can any one please tell me how to deal with the above highlighted sentence.
Please help me out. Tomorrow is my Exam.
CAclubindia
