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 bankafter 3 months. The bank charged 15% p.a. as bank discount. Calculate the Bank Discount O a. OMR 450 O b. OMR 112.5 OMR 2,887.5 d. OMR 3,000

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 bankafter 3 months. The bank charged 15% p.a. as bank discount. Calculate the Bank Discount O a. OMR 450 O b. OMR 112.5 OMR 2,887.5 d. OMR 3,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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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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
bankafter 3 months. The bank charged 15% p.a. as bank discount. Calculate the Bank Discount
O a.
OMR 450
Ob.
OMR 112.5
O c.
OMR 2,887.5
Od.
OMR 3,000

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