Mr. Ahmed accepted a bill of exchange for OMR 3,000 and the term of the bill being 6 months. He discounted the bill with the bank after 3 months. The bank charged 15% p.a. as bank discount. Calculate the amount payable to Mr. Ahmed

Mr. Ahmed accepted a bill of exchange for OMR 3,000 and the term of the bill being 6 months. He discounted the bill with the bank after 3 months. The bank charged 15% p.a. as bank discount. Calculate the amount payable to Mr. Ahmed

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 1CE

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Concept explainers

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.

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plz solve!!

Mr. Ahmed accepted a bill of exchange for OMR 3,000 and the term of the bill being 6 months. He discounted the bill with the
bank after 3 months. The bank charged 15% p.a. as bank discount. Calculate the amount payable to Mr. Ahmed
O a. OMR 2,887.5
Ob.
OMR 112.5
O C. OMR 3,000
d.
OMR 450
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