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 5 of 6.
Prash said:
1 decade ago
I've also calculated same as Madhu..
Nandha said:
1 decade ago
Hi Guys,
Always the P.W is calculated with due "n" year hence.
To Understand further, Normally first we would calculate P.W for this Rs.10068 with 1 year due hence.
But in this case the trader wants to settle 3 months later, which means we need to find the P.W 3 months later.
That is why 9 months is taken to calculate P.W after 3 months.
Hope this helped... :).
Always the P.W is calculated with due "n" year hence.
To Understand further, Normally first we would calculate P.W for this Rs.10068 with 1 year due hence.
But in this case the trader wants to settle 3 months later, which means we need to find the P.W 3 months later.
That is why 9 months is taken to calculate P.W after 3 months.
Hope this helped... :).
Sankar said:
1 decade ago
What @Rajee has said absolutely correct, the question the trader wants to settle the account after 3 months means he retained the amount with him for 3 months and then settled so he should pay 3 months interest not 9 months. So after must replace with before if we take 9 months into consideration.
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).
Jayadeep said:
1 decade ago
A trader owes a merchant Rs. 10,028 due 1 year hence. Can anyone explain me the meaning?
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.
Kanika said:
1 decade ago
Which formula is used in this case? kindly tell me. Is there any alternative solution of this problem?
Sai said:
1 decade ago
It did not understand this question can anyone explain in detail with right solution?
Ruthvik said:
1 decade ago
What is PW? Somebody explain and elaborate.
Sandip said:
1 decade ago
Why 9/12? what is the actual formula can anybody explain me it in deeply?
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