Question -2 - B (7 marks)

Calculate Markup @ 14.5 % per annum to be recovered from following Running

finance facility million

extended to borrower for April 2021,.Limit approved is Rs. 2.0

Cr Balance 975,000

Date 1-04-21 6-04-21 12-04-21 16-04-21 21-04-21 24-04-21 27-04-21 30-04- 21

Dr 975,000 413,000 65,000

589,000 434,000

187,000 367,000

695,000

banking question

Question -2- B (7 marks) Calculate Markup @ 14.5% per annum to be recovered from following Running finance facility extended to borrower for April 2021..Limit approved is Rs. 2.0 million Date Dr Cr Balance 1-04-21 975,000 975,000 6-04-21 413,000 12-04-21 65,000 16-04-21 589,000 21-04-21 434,000 24-04-21 187,000 27-04-21 367,000 30-04-21 695,000