A trade bill is drawn by a supplier of goods as follows: Value of goods sold: ₹10,00,000 Number of days of the bill (take 365 days per year): 60 days Rate of discount (to be charged by banker): 12.50% p.a. You are requir

A trade bill is drawn by a supplier of goods as follows: Value of goods sold: ₹10,00,000 Number of days of the bill (take 365 days per year): 60 days Rate of discount (to be charged by banker): 12.50% p.a. You are required to calculate (b) Amount to be paid by the bank on the date of presentment of the bill at the bank for discounting.