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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?.…

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?.…
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5 votes
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?.

asked
User Treffynnon
by
7.5k points

1 Answer

5 votes

Answer:

the trader should pay RS. 9200

Step-by-step explanation:

hope this helps

answered
User Junky
by
8.2k points
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