A bill of Rs. 6,500 was dishonoured on 5th May. The drawee requested to accept Rs. 1,500 in cash and….

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A bill of Rs. 6,500 was dishonoured on 5^th May. The drawee requested to accept Rs. 1,500 in cash and for the balance, he accepted a bill for 2 months along with interest @ 18% p.a. What should be the amount of new bill?

Options :-

1. Rs. 5,000
2. Rs. 5,900
3. Rs. 5,150
4. Rs. 5,225

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