A trader owens 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?

A trader owens a merchant Rs.10,028 due 1` year hence. The trader w

1.	A trader owens 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?
A.	Rs.9025
B.	Rs.9200
C.	Rs.9600
D.	Rs.9560
Answer» B. Rs.9200

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A trader owens 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?

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