The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A.0.12
B.0.13
C.0.15
D.0.14
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Answer:
option : C
Step-by-step explanation:
P.W = 2562-122 =Rs.2440
Rate = [100 x 122] / [2440 x (1/3)] =15%
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