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Posted By: nemo       Member Level: Diamond       Posted Date: 23 Jun 2007       Category: Aptitude Test

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 is 12% per annum, how much cash should he pay?



Select Answer:

Rs. 9025.20
Rs. 9200
Rs. 9600
Rs. 9560




      
Your Test Score: 0 / 0



Next Question: A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of :
Previous Question: The present worth of Rs. 1404 due in two equal half-yearly instalments at 8% per annum simple interest is :
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