Hari, the holder of 1200 shares paid the amount due on first call @ Rs 2/- per share along with second and final call which became due after 1 month from the due date of first call. What interest will be charged from Hari on calls in arrears: |
Rs 20 Rs 24 Rs 40 Rs 48 |
Rs 20 |
The correct answer is Option (1) → Rs 20 |