the banker's discount on a sum of money for 1 1/2 years is rs. 558 and the tru

Question

the banker's discount on a sum of money for 1 1/2 years is rs. 558 and the true discount on the same sum for 2 years is rs. 600. the rate percent is:

Options:

A . 11%

B . 12%

C . 13%

D . 14%

Answer: Option B
Explanation :

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