The true discount on a certain of money due $${\text{2}}\frac{{\text{2}}}{{\text

Question

The true discount on a certain of money due $${\text{2}}\frac{{\text{2}}}{{\text{3}}}$$ years hence, is Rs. 150 and the simple interest on the same sum for the same time and at the same rate is Rs. 200. Interest rate per annum is ?

Options:

A . 10%

B . 12%

C . $${\text{12}}\frac{1}{2}\% $$

D . $${\text{8}}\frac{1}{2}\% $$

Answer: Option C

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