The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is: Options: A . &nbsp12% B . &nbsp \(13\frac{1}{3}\) % C . &nbsp15% D . &nbsp14%

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is

Question

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

Options:

A . 12%

B . \(13\frac{1}{3}\) %

C . 15%

D . 14%

Answer: Option C

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

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

Therefore Rate = \(\left[\frac{100\times122}{2440\times\frac{1}{3}}\right]\) % = 15%

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