The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

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].	15%
[D].	14%

Answer: Option C

Explanation:

P.W. = Rs. (2562 - 122) = Rs. 2440.

S.I. on Rs. 2440 for 4 months is Rs. 122.

Rate =

1-sym-obracket-h1

100 x 122

1-sym-cbracket-h1

%

= 15%.

2440 x	1
	3

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