# 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? with Answer - Maths Mcqs | TestPrep

> Solved MCQ: 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. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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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?

Direct Answer & Quick Reference

The correct option is **B. Rs. 9200**.

A. Rs. 9025.20

B. Rs. 9200 **(Correct Answer)**

C. Rs. 9600

D. Rs. 9560

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Verified Key: B. Rs. 9200
Solved by 2,117+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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*Source: https://test-prep.blog/mcq/a-trader-owes-a-merchant-rs-10028-due-1-year-hence-the-trader-wants-to-settle-th-8cc29468-6981-4362-b0fe-a0a928ba62d6*
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