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  • Question
  • 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?


  • Options
  • A. Rs. 9025.20
  • B. Rs. 9200
  • C. Rs. 9600
  • D. Rs. 9560

  • 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.

  • More questions

    • 1. 64, 71, 80, 91, 104, 119, 135, 155

    • Options
    • A. 71
    • B. 80
    • C. 104
    • D. 119
    • E. 135
    • Discuss
    • 2. 15, 16, 34, 105, 424, 2124, 12756

    • Options
    • A. 16
    • B. 34
    • C. 105
    • D. 424
    • E. 2124
    • Discuss
    • 3. 196, 169, 144, 121, 100, 80, 64

    • Options
    • A. 169
    • B. 144
    • C. 121
    • D. 100
    • E. 80
    • Discuss
    • 4. 
      What time will be taken by a boat to cover a distance of 128 km along the stream, if speed of a boat in still water is 24 km/h and speed of stream is 8 km/h?

    • Options
    • A. 8 km/h
    • B. 4 km/h
    • C. 7 km/h
    • D. 6 km/h
    • Discuss
    • 5. 
      A boat goes 12 km in 1 h in still water. It takes thrice time in covering the same distance against the current. Find the speed of the current.?

    • Options
    • A. 8 km/h
    • B. 12 km/h
    • C. 6 km/h
    • D. 7 km/h
    • Discuss
    • 6. 
      A boat travels upstream from B to A and downstream from A to B in 3 hours. If the speed of the boat in still water is 9km/hr and the speed of the current is 3 km/hr the distance between A and B is?

    • Options
    • A. 4 km
    • B. 6 km
    • C. 8 km
    • D. 12 km
    • Discuss
    • 7. 
      If the first day of June is Saturday, them the date on which the last Saturday of that month falls, is?

    • Options
    • A. 22
    • B. 28
    • C. 29
    • D. 30
    • Discuss
    • 8. 
      A boat goes 48 km downstream in 20 h. It takes 4 h more to cover the same distance against the stream. What is the speed of the boat in still water?

    • Options
    • A. 2.2 km/h
    • B. 2 km/h
    • C. 4 km/h
    • D. 4.2 km/h
    • Discuss
    • 9. 
      If the probability that A will live 15 yr is 7/8 and that B will live 15 yr is 9/10, then what is the probability that both will live after 15 yr?

    • Options
    • A. 1/20
    • B. 63/80
    • C. 1/5
    • D. None of these
    • Discuss
    • 10. 
      Keshav can row 60 km downstream and 36 km upstream, taking 10 h each time. What is the velocity of the current?

    • Options
    • A. 3 km/h
    • B. 2. 2 km/h
    • C. 4 km/h
    • D. 1.2 km/h
    • Discuss


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