Question
Quantitative Aptitude Question on SI & CI
Ramesh owes Suresh Rs.10,028 due one year hence. Ramesh wants to settle the account after three months. If the rate of interest is 12% p. a, how much cash should he pay to Suresh?
A
Rs. 9025.50
B
Rs. 9200
C
Rs. 9560
D
Rs. 9600
Answer
Rs. 9200
Explanation
Solution
The correct option is (B):Rs. 9200