Read the following passage and answer the question.
To meet the requirements of funds for starting a new factory, the company issued 50,000, 10% debentures of र10 each and 2,000, 8% debentures of र100 each to the vendor of the machinery purchased for र7,00,000.
How many debentures are issued in total by the company?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- 52,000.
10% debentures = 50,000
8% debentures to vendor = 2,000
Total = 50,000 + 2,000
= 52,000