Read the following passage and answer the questions given below-

Abhishek Ltd. issued 5,000 debentures @ 9% p.a. of ₹100 each at a premium of ₹20 payable as follows-
Application- ₹40 including premium of ₹10
Allotment- ₹40 including premium of ₹10
Balance on the first and final call.
Applications were received fully and all amounts were received.

What was the amount on the first and final call?

₹40

The correct answer is option 3- ₹40.

Total face value= ₹100
Application- ₹40 including premium of ₹10 means 40-10= ₹30
Allotment- ₹40 including premium of ₹10 means 40-10= ₹30
Balance on first and final call = 100-30-30
                                              = ₹40