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.

How much interest was payable on the debentures issued for one year?

₹45,000

The correct answer is option 1- ₹45,000.

Total debentures = 5,000
Interest = 9% p.a

Amount of debentures = 5,000 X 100
                                    = ₹5,00,000

Interest = 5,00,000 X 9/100 
              = ₹45,000