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 6 of 6.
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.
Shashi mishra said:
1 decade ago
Why 100 is added in denominator?
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