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?
Correct answer B. Rs. 9200
Tip: press A, B, C or D to answer, and N for the next question.
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More True Discount questions
See allWhat is the true discount on Rs. 1,872 due 8 months hence at 6% per annum?
Correct answer B. Rs. 72
The true discount on a bill due 6 months hence at 12% per annum is Rs. 60. What is the amount of the bill?
Correct answer B. Rs. 1,060
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What is the true discount on Rs. 1,150 due 18 months hence at 10% per annum?
Correct answer D. Rs. 150
A debt of Rs. 2,200 is due in 2 years. If the rate of simple interest is 5% per annum, what cash payment settles it today?
Correct answer C. Rs. 2,000
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