Home » Aptitude » True Discount

A trader owes a maerchant Rs10028 due 1yr hence The trader wants to settle the account after 3 months .If the rate of interest is 12%per annum How much cash should he pay?

Correct Answer: Rs.9200

Explanation:

Required Money = P.W of Rs. 10028 due 9 months hence  


= Rs.[10028 x 100] / [100+(12 x 9/12)] =Rs.9200


← Previous Question Next Question→

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion