Bill maturity date calculation

To determine the maturity date of a bill, there are a few factors that need to be considered. In this case, we have a bill drawn on 12th June for 2 months. Let's break down the calculation step by step:

Step 1: Identify the date of the bill
The bill was drawn on 12th June.

Step 2: Determine the duration of the bill
The bill is drawn for a period of 2 months.

Step 3: Calculate the maturity date
To calculate the maturity date, we need to add the duration of the bill to its date of issue.

- Convert the duration into days: Since each month can have a different number of days, it's important to convert the months into days. Assuming a 30-day month, 2 months would be equal to 60 days.

- Add the duration to the date of issue: Adding 60 days to the date of the bill (12th June) gives us 11th August.

Therefore, the maturity date of the bill will be 11th August.

Summary
In summary, to calculate the maturity date of a bill drawn on 12th June for 2 months, we convert the duration into days and add it to the date of the bill. In this case, the maturity date is determined to be 11th August.

14th August