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

MCQOPTIONS

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

Discussion

No Comment Found

Related MCQs

The present worth of Rs. 2310 due 2 1/2 years hence, the rate of interest being 15% per annum, is:
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
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?
If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:
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:
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
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:
A bill falls due in 1 year.The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years.By this arrangement ins Rs.40.what is the amount of the bill,if he money be worth 12.5%?
A has to pay Rs.220 to B after 1yr. B asks A to pay Rs.110 in cash and defer the payment of Rs.110 for 2 yrs. A agrees to it. If the rate of interest be 10% per annum in this mode of payment:
A man buys a watch for Rs1950 in cash and sells it for Rs 2200 at a credit of 1 yr. The rate of interest is 10% per annum. Then he gains or loose how much amount?