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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? ?->(Show Answer!)
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1. 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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  • By: guest on 01 Jun 2017 05.49 pm
    Required money = P.W. of Rs. 10028 due 9 months hence = Rs. 10028 x 100 100 + 12 x 9 12 = Rs. 9200.
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