find the rate discount and the rate of interest when the discount on a sum of rs.1200 due 4 yrs is rs.200
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Answer:
rate of discount = discount/ original price * 100
=200/1200 * 100
= 16.67%
rate of interest = PNR/100
200 = 1200*4*R/100
R = 200*100/(1200*4)
=200/(1200*4)
R = 4.167
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