Question

A tradesman puts two prices on his goods, one for upfront payment and the other for 6 month's
credit on simple interest at 12.5 % per annum. If the credit price of the article is Rs.26.56, what
is its approximate price for upfront payment?
1] Rs.20.63
2] Rs.21.94 3] Rs.23.69
4] Rs.25​

Answer 1

Answer:

Your answer is option 1) Rs. 20.63