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 much interest on debentures will be paid by the company?

र66,000

The correct answer is option 4- र66,000.

* 50,000, 10% debenture @ र10
= 5,00,000
Interest = 5,00,000 X 10/100
              = र50,000

* 2,000, 8% debenture @ र100 each
= 2,00,000
Interest = 2,00,000 X 8/100
             = र16,000

TOTAL INTEREST = 50,000 + 16,000
                           = र66,000