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

c.

Rs. 9600

d.

Rs. 9560

Posted under Aptitude

Answer: (b).Rs. 9200

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. 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?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

Q. If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is:

Q. Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:

Q. The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

Q. A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

Q. The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:

Q. The present worth of Rs. 2310 due 2(1/2) years hence, the rate of interest being 15% per annum, is:

Q. Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?

Q. The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:

Q. The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:

Q. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

Q. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:

Q. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

Q. The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

Q. The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

Q. The banker's discount on a sum of money for 1(1/2) years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

Q. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

Q. The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:

Q. The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:

Q. The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:

Recommended Subjects

Are you eager to expand your knowledge beyond Aptitude? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!