A draws an accommodation bill on B for 3 months. Proceeds are to be s – McqOptions

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1.	A draws an accommodation bill on B for 3 months. Proceeds are to be shared equally. A got the bill discounted at 12% per annum and remitted the proceeds of Rs. 48,500/- to B. The amount of the bill is
A.	Rs.1,00,000
B.	97,000
C.	Rs.1,10,000
D.	Rs.98,000
Answer» B. 97,000

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