Mathematics · Simple Interest
A trader borrowed some money against which Rs. 8,000 is due in one year. The trader wants to settle the account after 2 months. If the rate of interest is 9% per annum, how much will he have to pay (rounded off to the nearest rupee)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4,774
- 2Rs. 7,442✓
- 3Rs. 7,244
- 4Rs. 7,424
Correct answer
Rs. 7,442
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