Aptitude - True Discount - Discussion
Discussion Forum : True Discount - General Questions (Q.No. 3)
3.
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?
Answer: Option
Explanation:
| Required money | = P.W. of Rs. 10028 due 9 months hence | |||||||||||
|
||||||||||||
| = Rs. 9200. |
Discussion:
53 comments Page 3 of 6.
Shivam sadh said:
1 decade ago
Yeah @Madhu @krish @david.
What you all said make sense to me too.
And even I am getting the same answer which is 9222.17.
Can anyone here please explain the answer given by our own Indiabix.
Thank you.
What you all said make sense to me too.
And even I am getting the same answer which is 9222.17.
Can anyone here please explain the answer given by our own Indiabix.
Thank you.
Rajee said:
1 decade ago
Question must be like this he settle before 3 month...so we have calcutate 9 month intrest....
10028=intrest +pw( one year)......(1)
intrest=pw.9/12.12/100=9pw/100
So
10028=9pw/100+pw from 1
so pw=9200
10028=intrest +pw( one year)......(1)
intrest=pw.9/12.12/100=9pw/100
So
10028=9pw/100+pw from 1
so pw=9200
Ayushi Garkoti said:
5 years ago
Just use a simple formula- SI= P*R*t/100 , ans easily solve the question.
Given,
Amount = 10028 i.e, P+S.I.
10028 = P+ S.I or S.I= 10028- P.
10028 - P = {P*12*(9/12)}/100,
1002800 = 109P,
P= 9200.
Given,
Amount = 10028 i.e, P+S.I.
10028 = P+ S.I or S.I= 10028- P.
10028 - P = {P*12*(9/12)}/100,
1002800 = 109P,
P= 9200.
(9)
Pooja said:
1 decade ago
9/12 is in terms of years whereas 12 is in terms of months then why in the solution multiplication is performed between values with different units? how is it possible?
It is (9*12) or (1*9/12).
It is (9*12) or (1*9/12).
Dhanjit said:
1 decade ago
Guys, where I will be able to get the full concept on this chapter please help. I too calculated PW as 8953.57 first. Please suggest a book or any other link. Thank you.
Sundar said:
1 decade ago
@Gnana
It is simple yar.
1. 10028 x 100 = 1002800
2. 100 + (12 x 9/12) ; here 12 will get cancelled, So 100+9 = 109
3. 1002800/109 = 9200 thats all.
It is simple yar.
1. 10028 x 100 = 1002800
2. 100 + (12 x 9/12) ; here 12 will get cancelled, So 100+9 = 109
3. 1002800/109 = 9200 thats all.
Gnana said:
1 decade ago
How answer comes 9200? I have tried in my calculator but it show me 3963. 63, How could this possible, please can any one post here.
Gopikrishna said:
10 years ago
1. P.W = 10028*100.
2. Due have payed in 3 months = 9/12.
3. Interest = 12%.
4. Rs = (10028*100)/100+(12*9/12).
5. 9200.
2. Due have payed in 3 months = 9/12.
3. Interest = 12%.
4. Rs = (10028*100)/100+(12*9/12).
5. 9200.
Kanika said:
1 decade ago
Which formula is used in this case? kindly tell me. Is there any alternative solution of this problem?
Rucha said:
1 decade ago
In short it means he has taken some money on loan for which he has to pay Rs. 10028 after 1 year.
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