The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960

Question

The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:

Options:

A . 12%

B . 14%

C . 15%

D . 16%

Answer: Option B

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