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Reported Question / Answer
Q.) 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?
1)
Rs. 9200
2)
Rs. 9025.20
3)
Rs. 9560
4)
Rs. 9600
5)
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Answer :
1
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