Question:A trader owes a merchant Rs.`10028` due `1` year hence. The trader to settle the account after `3` months. If the rate of interest is `12` annum, how much cash should he pay ? 

A `Rs. 9025.20` 
B `Rs. 9200` 
C `Rs. 9600` 
D `Rs. 9560` 

+ Answer
B 

+ Explanation
Required money 

`= P.W. of Rs. 10028` due `9` months hence

`=Rs. [(10028 xx 100)/(100 + (12 xx 9/12))]`

`= Rs. 9200.

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Irin Moni

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