A company issued 1,00,000 12% debentures of ₹ 100 each. The amount of interest on debentures will be:

₹ 12,000 ₹ 1,20,000 ₹ 12,00,000 ₹ None of the above

₹ 12,00,000

Interest on debentures = 1,00,00,000*12/100=12,00,000