Advertisements
Advertisements
Question
On 1st April 2024, Sunrise Limited issued 5,000, 8% debentures of ₹ 100 each at a discount of 5%. What will be the total amount of interest for the year ending 31st March, 2025?
Options
₹ 38,000
₹ 42,000
₹ 40,000
₹ 25,000
MCQ
Advertisements
Solution
₹ 40,000
Explanation:
Total face value of debentures:
5,000 × ₹ 100 = ₹ 5,00,000
Interest 8% per annum:
`₹ 5,00,000 × 8/100` = ₹ 40,000
shaalaa.com
Is there an error in this question or solution?
