A trader owes a merchant ₹ 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If… · ABC26GN5399

Subject: General Aptitude · Chapter: True Discount

A trader owes a merchant ₹ 10,028 due 1 year 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?
(a)₹ 9025.20
(b)₹ 9200
(c)₹ 9600
(d)₹ 9560
Answer
Answer (as printed): B
Explanation
No explanation was printed for this question.

Study loop for True Discount

1. Practise the PYQsPrevious-year questions, with answers

· Browse this chapter in the app