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Mr. Mohammed accepted a bill of exchange for OMR 5,000 and the term of the bill being 3 months. He discounted the bill with the
Mr. Mohammed accepted a bill of exchange for OMR 5,000 and the term of the bill being 3 months. He discounted the bill with the bank immediately. The bank charged 10% p.a. as bank discount. Calculate the Bank discount.
a.
OMR 130
b.
OMR 500
c.
OMR 125
d.
OMR 4,875
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