Correct Answer: 15% per annum
Explanation:
S.I. for 1 year = Rs. (783 - 702) = Rs 81 S.I. for 2 years = Rs. (81 x 2) = Rs. 162 ∴ Sum = Rs. (702 - 162) = Rs. 540 ∴ Required rate = = (100 x SI) / (P x T) = (100 x 162) / (540 x 2) % = 15%