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Discussion :: True Discount

  1. 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:
    2. A.

    12%
    B.

    14%
    C.

    15%
    D.

    1623%

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    Workspace

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    Answer : Option B

    Explanation :

     S.I. on Rs. 750 = T.D. on Rs. 960.

     

     This means P.W. of Rs. 960 due 2 years hence is Rs. 750.

     

     T.D. = Rs. (960 - 750) = Rs. 210.

     

    Thus, S.I. on R.s 750 for 2 years is Rs. 210. r       

     

    Rate=[100∗210750∗2]%=14%

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