The maturity date of a bill refers to the date on which the payment is due. In this case, the bill is accepted on 28.2.16 and is drawn for 30 days after sight. To determine the maturity date, we need to add the acceptance date and the number of days mentioned in the bill.

1. Acceptance Date: 28.2.16
2. Number of Days after Sight: 30 days

Adding these two values, we can calculate the maturity date as follows:

1. Convert the acceptance date into a standardized format: 28th February 2016
2. Add the number of days to the acceptance date: 28th February 2016 + 30 days = 29th March 2016

Therefore, the maturity date of the bill will be 29th March 2016.

Explanation:

The bill in question is drawn for 30 days after sight. This means that the payment is due 30 days after the bill is accepted. The acceptance date is the date on which the drawee (the person or entity who owes the payment) accepts the bill, confirming their commitment to pay.

To calculate the maturity date, we start by converting the acceptance date into a standardized format, in this case, 28th February 2016. We then add the number of days mentioned in the bill, which is 30 days. By adding these two values, we determine that the maturity date is 29th March 2016.

It is important to note that the acceptance date is the starting point for counting the number of days. The bill should clearly specify whether the days are to be counted from the date of acceptance or from another specific date.

In this case, since the bill is accepted on 28th February 2016, the 30-day period starts from that date. After 30 days, which brings us to 29th March 2016, the payment is due, and the bill reaches its maturity date.

Remember to always consider the specific terms mentioned in the bill to accurately calculate the maturity date.

31 st April