A company issued 2,500, 9% Debentures of 100 each to public, on 1st April 2021; 3,500 8% debentures of 100 each to vendor on 1st July, 2021 and on the same date 5,000 7%, Debentures of 100 each as a Collateral Security. Calculate the Interest on Debentures for the year ending 31st March, 2022.
(
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Shift 01/06/2023 8:30 AM - 11:30 AM
A
50,500
B
85,500
C
43,500
D
69,750
Correct Answer
43,500
Detailed Explanation
NOTE AS PER NTA THE ANSWER TO THIS QUESTION IS (3)
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