A manufacturing company has 15,000, 10% Non Convertible Debentures of ₹100 each. How much amount of face value of debentures maturing during the year should be invested before the redemption of Debentures begins?

₹2,25,000

The correct answer is option 2- ₹2,25,000.

Face value =  15,000 x 100
                 = 15,00,000

Required invested amount is 15% of face value of debentures
Amount invested = 15,00,000 x 15/100
                            = 2,25,000