A trader owes a merchant Rs. 10,028 due 1 year hence. The... — Answer & Explanation | PrepBeePakistan

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MEDIUMENGLISHMathematics

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?

Correct answer: B

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