Calculate rebate on bills discounted?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...
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plz solve this question!!!?
Date of bills : february7
Amount(OMR):250000
bills Term(month):3
Discount Rate(%p.a):9
The bank closes its accounts on 31st
March Calculate rebate on bills
discounted?
Transcribed Image Text:Date of bills : february7 Amount(OMR):250000 bills Term(month):3 Discount Rate(%p.a):9 The bank closes its accounts on 31st March Calculate rebate on bills discounted?
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