Mathematics · Simple Interest
A trader owes a merchant ₹ 12,500 due in one year. However, the trader wants to settle the amount after 6 months. If the rate of simple interest is 8% per annum, then how much money should he pay? (Give your answer correct to the nearest whole number value.)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 10,291
- 2₹ 12,019✓
- 3₹ 12,091
- 4₹ 10,219
Correct answer
₹ 12,019
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