Given:
- Number of debentures = 3,000
- Face value per debenture = Rs. 100
- Discount on issue = 5%
The discount on issue of debentures is calculated on the total face value of debentures issued.
Calculating Total Face Value:
Total Face Value = Number of debentures × Face value per debenture
Total Face Value = 3,000 × Rs. 100 = Rs. 3,00,000
Calculating Discount on Issue:
Discount on Issue = Discount Rate × Total Face Value
Discount on Issue = 1005 × Rs. 3,00,000
Discount on Issue = Rs. 15,000
The discount on issue of debentures is Rs. 15,000, regardless of the redemption pattern or interest rate. The discount is determined at the time of issue based on the total face value of all debentures issued.
Correct Answer: Option 1 (Rs. 15,000)