Mathematics
Medium
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?
A
Rs. 9025.20
B
Rs. 9200
✓ Official correct answer
C
Rs. 9600
D
Rs. 9560
Community credibility
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A
Rs. 9025.20
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B
Rs. 9200
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C
Rs. 9600
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D
Rs. 9560
No member explanations yet for this option.