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1. The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
(A): 12%
(B): 13 1 % 3
(C): 14%
(D): 15%
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By: guest on 01 Jun 2017 05.49 pm
P.W. = Rs. (2562 - 122) = Rs. 2440. S.I. on Rs. 2440 for 4 months is Rs. 122. Rate = 100 x 122 % = 15%. 2440 x 1 3
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