A trader owes a maerchant Rs10028 due 1yr 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 owes a maerchant Rs10028 due 1yr hence The trader wants to

1.	A trader owes a maerchant Rs10028 due 1yr 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.9000
B.	Rs.9002
C.	Rs.9200
D.	Rs.9120
Answer» D. Rs.9120

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A trader owes a maerchant Rs10028 due 1yr 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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