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Discussion :: True Discount

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

    2. A.

    12%
    B.

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

    15%
    D.

    14%

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    Workspace

    View Answer

    Answer : Option C

    Explanation :

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

     

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

     

     Rate =\( [ \frac { 100*122 } { 2440*1/3 } ]\)%= 15%.

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