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.
David said:
1 decade ago
What Madhu said makes sense to me? Please elaborate.
Vidu said:
1 decade ago
How it s 9 months, please can anyone explain me ?
Ramesh said:
9 years ago
I didn't understand this, please explain me.
Naveen said:
1 decade ago
You have done a good job. Superb and thanks.
Ruthvik said:
1 decade ago
What is PW? Somebody explain and elaborate.
Abhinav said:
9 years ago
It would be 10028/(1.12)^(9/12) = 9210.87.
Fentahun Asre said:
4 years ago
Please try to prove the formula for P.W.
Prash said:
1 decade ago
I've also calculated same as Madhu..
Yamini.r said:
9 years ago
Why 100 is added in the denominator?
Shashi mishra said:
1 decade ago
Why 100 is added in denominator?
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