Mathematics · Simple Interest
A trader owes a merchant Rs. 9,000 due in one year. However, the trader wants to settle the amount after 4 months. If the rate of simple interest is 6% per annum, then how much money should he pay to settle it today? (Give your answer correct to the nearest whole number value.)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8,686
- 2Rs. 8,688
- 3Rs. 8,645✓
- 4Rs. 8,654
Correct answer
Rs. 8,645
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