A bill of exchange dated 21 January 2023 is payable 3 months after date. Counting three days of grace, what is its date of maturity?
Answer and explanation
Correct answer: B. 24 April 2023
- Step 1: 3 months after 21 January 2023 is 21 April 2023.
- Step 2: Adding 3 days of grace gives 24 April 2023.
Answer
24 April 2023.
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