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?

Question

Accepted Answer

Required Money = P.W of Rs. 10028 due 9 months hence = Rs.[10028 x 100] / [100+(12 x 9/12)] =Rs.9200

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?

More Questions from True Discount

Discussion & Comments