Jagatram, a trader, owes a merchant. Mangalal 5014 due 1 yr hence. J – McqOptions

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1.	Jagatram, a trader, owes a merchant. Mangalal 5014 due 1 yr hence. Jagatram wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should Jagatram pay ?
A.	9200
B.	5600`
C.	4600
D.	6600
E.	None of the above
Answer» D. 6600

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