The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
12%
13%
15%
14%
Explanation:
P.W=Rs.(2562-122)=Rs.2440
S.I on Rs.2440 for 4 months is Rs.122
Rate=$[\dfrac{100 \times 122}{2440 \times \dfrac{1}{3}}]$%
P.W=Rs.(2562-122)=Rs.2440
S.I on Rs.2440 for 4 months is Rs.122
Rate=$[\dfrac{100 \times 122}{2440 \times \dfrac{1}{3}}]$%