Correct Answer
✅ Option A — The company cannot make premature repayment of the deposits.
All Options:
- AThe company cannot make premature repayment of the deposits. ✓
- BThe company can prematurely repay the deposit along with interest @ 10% for a period of 13 months (1st May 2021 to 31thMay 2022)
- CThe company can prematurely repay the deposit along with interest @ 9% for a period of 13 months (1st May 2021 to 31st May 2022)
- DThe company can prematurely repay the deposit along with interest @ 9% for a period of 11 months (1st May 2021 to 31st March 2022)
Detailed Solution & Explanation
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