The TrueDiscount on a certain sum of money due 3 years hence is Rs.250 and SimpeInterest on the same sum for same time and same rate is Rs375. Find sum and rate%?
Correct Answer: (16 + 2/3)%
Explanation:
sum = [(S.I x T.D)/(S.I-T.D)] = Rs. [(375 x 250)/(375-250)] = Rs.750
