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➤ True Discount ➤ 1
Question 1
Q1.
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 ?
Rs. 9025.20
Rs. 9200
Rs. 9600
Rs. 9560
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