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?MCQs Preparation, Maths MCQs, Mocks / September 24, 2022 A. Rs. 9025.20B. Rs. 9200C. Rs. 9600D. Rs. 9560 Answer B. Rs. 9200 Solution Required money =P.W. of Rs.10028 due 9 months hence= Rs (10028*100)/(100+(12*9/12))= Rs.9200 Post Views: 506