The banker's discount on a sum of money for 1(1/2) years is Rs. 558 and the

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 . 10%

B . 13%

C . 12%

D . 15%

Answer: Option C
Answer: (c).12%

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