Question

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

Answer 1

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

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

122/2440 × 100 × 3 = 15%

Answer 2

Answer:   C) 15%

Solution-:

P.W = 2562-122 =Rs.2440   

Rate = [100 x 122] / [2440 x (1/3)] =15%