Q44
The banker's discount on a sum of money for 11/2 years is Rs. 120. The true discount on the same sum for 2 years is Rs. 150. What is the rate per cent?
The banker's discount on a sum of money for years is Rs. 120. The true discount on the same sum for 2 years is Rs. 150. What is the rate per cent?
A.
Answer
B.
C.
D.
Answer: Option A
Solution
Answer: Option A
Solution:
⇒ Rs.160 is the simple interest on Rs. 2400 for 2 years