Aptitude - True Discount - Discussion

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Q.

A trader owens a merchant Rs.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. Rs. 9,025.20 B. Rs. 9,200
C. Rs. 9,600 D. Rs. 9,560

Answer: Option B
Explaination:

 


Discussion

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