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.
Fentahun Asre said:
4 years ago
Please try to prove the formula for P.W.
Yoobsan Tolasa said:
3 years ago
Amount = pw +(pw * r * t).
10028 = pw + pw (12*9)/100 * 12,
10028 = 109*pw/100.
Pw = 9200.
10028 = pw + pw (12*9)/100 * 12,
10028 = 109*pw/100.
Pw = 9200.
(2)
Nandu said:
2 years ago
What is the correct answer?
Anyone, please explain.
Anyone, please explain.
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers