Question:
Ramesh owes Suresh Rs.10,028 due one year hence. Ramesh wants to settle the account after three months. If the rate of interest is 12% p. a, how much cash should he pay to Suresh?
Ramesh owes Suresh Rs.10,028 due one year hence. Ramesh wants to settle the account after three months. If the rate of interest is 12% p. a, how much cash should he pay to Suresh?
Updated On: Oct 24, 2024
- Rs. 9025.50
- Rs. 9200
- Rs. 9560
- Rs. 9600
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The Correct Option is B
Solution and Explanation
The correct option is (B):Rs. 9200
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