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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?

1Rs. 9025.20
2Rs. 9200
3Rs. 9600
4Rs. 9560

Answer:- 1

Explanation:-

Solution:

\begin{aligned} Required Money \\ = P .W . of Rs . 10028 due 9 months hence \\ = R s . [\frac{10028 \times 100}{100 + (12 \times \frac{9}{12})}] \\ = R s . 9200. \end{aligned}

$\eqalign{ & {\text{Required}}\,{\text{Money}} \cr & {\text{ = }}\,{\text{P}}{\text{.W}}{\text{.}}\,{\text{of}}\,{\text{Rs}}{\text{.}}\,{\text{10028}}\,{\text{due}}\,{\text{9}}\,{\text{months}}\,{\text{hence}} \cr & = Rs.\,\left[ {\frac{{10028 \times 100}}{{100 + \left( {12 \times \frac{9}{{12}}} \right)}}} \right] \cr & = Rs.\,9200. \cr}$

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", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution:

\begin{aligned} Required Money \\ = P .W . of Rs . 10028 due 9 months hence \\ = R s . [\frac{10028 \times 100}{100 + (12 \times \frac{9}{12})}] \\ = R s . 9200. \end{aligned}

$\eqalign{ & {\text{Required}}\,{\text{Money}} \cr & {\text{ = }}\,{\text{P}}{\text{.W}}{\text{.}}\,{\text{of}}\,{\text{Rs}}{\text{.}}\,{\text{10028}}\,{\text{due}}\,{\text{9}}\,{\text{months}}\,{\text{hence}} \cr & = Rs.\,\left[ {\frac{{10028 \times 100}}{{100 + \left( {12 \times \frac{9}{{12}}} \right)}}} \right] \cr & = Rs.\,9200. \cr}$ ", "dateCreated": "7/24/2019 10:09:12 AM" } }

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