Ram gets Mohan’s acceptance for Rs. 12,000 discounted at 2 months at 12 %

Question

Ram gets Mohan’s acceptance for Rs. 12,000 discounted at 2 months at 12 % p.a. The amount of discount will be :

Options:

A . Rs. 240

B . Rs. 120

C . Rs. 80

D . Rs. 40

Answer: Option A
:
A
Discount
= Rs.

12, 000 * 12 % * \frac{2}{12}

= Rs. 240.

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