Advertisements
Advertisements
Question
Dove Ltd. issued 8,000 11% debentures of 100 each at a premium of 5%. The total amount of interest on Debentures for one year will be ______.
Options
₹ 80,000
₹ 92,400
₹ 88,000
₹ 880
MCQ
Fill in the Blanks
Solution
Dove Ltd. issued 8,000 11% debentures of 100 each at a premium of 5%. The total amount of interest on Debentures for one year will be ₹ 88,000.
Explanation:
Interest on debentures for one year = `(8,000 xx 100) xx 11/100`
= ₹ 88,000
shaalaa.com
Is there an error in this question or solution?
