Question

A trader owes a merchant Rs. 901
due 1 year hence. However, the
trader wants to settle the account
after 3 months. How much cash
should he pay, if the rate of interest
is 8% per annum ?
(a) Rs. 870 b) Rs. 850
(c) Rs. 828.92 (d) Rs. 846.94​

Answer 1

Answer:

l don't know but please mark me brainliest l need it take care of yourself and your family

Step-by-step explanation:

l don't know but please mark me brainliest l need it take care of yourself and your family

Answer 2

Answer:

P.W. of Rs. 901 due 9 months hence at 8%

= Rs { (100 x 901) / (100 + (8 x 3 / 4))} = Rs. (100 x 901) / 106

= Rs. 850