The interest on Rs. 750 for 2 years is equal to the true discount on Rs. 810 for the same time and at the same rate. The rate percent is?

Question

Accepted Answer

Since T.D. is S.I. on Rs. P.W., we have Rs. (810 - 750) or Rs. 60 as S.I. on Rs. 750 for 2 years ∴ Rate = (100 x 60) / (750 x 2) = 4%

Discussion & Comments