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:

[A].

12%

[B].

13	1	%
	3

[C].

15%

[D].

14%

Answer: Option C

Explanation:

P.W. = Rs. (2562 – 122) = Rs. 2440.

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

Rate =		100 x 122	%	= 15%.
		2440 x 1 3