A bill of exchange dated 17 March 2022 is payable 3 months after date. Counting three days of grace, what is its date of maturity?
Answer and explanation
Correct answer: C. 20 June 2022
- Step 1: 3 months after 17 March 2022 is 17 June 2022.
- Step 2: Adding 3 days of grace gives 20 June 2022.
Answer
20 June 2022.
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