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True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
12%
13 1 % 3
15%
14%
Show Answer
Correct Answer:
15%
Explanation:
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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