Calculate the amount of yearly interest payable on debentures ( debentures of Rs. ) issued as collateral security.
- ANo Interest payable
- BRs.
- CRs.
- DRs.
Solution & Step-by-step Explanation
Debentures issued as collateral security do not carry any right to interest unless the principal loan for which they are secured is defaulted and the lender invokes the security. Hence, no interest is payable.