Mehra owed ~ 3,000 on 1st January, 2014 to Mr Somesh. The following are the transactions that took.. 1 answer below »

Mehra owed ~ 3,000 on 1st January, 2014 to Mr Somesh. The following are the transactions that took place between them during 2014. It is agreed between the parties that interest @ 6% p.a. is to be calculated on all transactions:                                  ~

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Mehra owed ~ 3,000 on 1st January, 2014 to Mr Somesh. The following are the transactions that took.. 1 answer below »
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January 16   Mr Somesh sold goods to Mr Mehta                                                                                           2,000

January 26   Mr Somesh purchases goods from Mr Mehta                                                                           1,500

February 10   Mr Somesh paid cash                                                                                                                  1,500

March 13     Mr Mehta accepts a bill drawn by Somesh for 1 month                                                           2,000

They desire to settle their accounts by one single payment on 15 March, 2014. Ascertain the amount to be paid to the

nearest rupee.

Ignore days of grace.