Q3
A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?
A.
Rs. 9025.20
B.
Rs. 9200
AnswerC.
Rs. 9600
D.
Rs. 9560
Answer: Option B
Solution
Answer: Option B
Solution: