discount and consection type questions in bank exams

the true discount on Rs. 2562 due 4 months hence is Rs. 122. the rate percent is: (a) 12% (b) 15% (c) 18% (d) 20%

Your Answer

amt=present worth + true discount

pw=amt-td
2562-122
pw=2440

TIME=4MONTHS/12=1/3

SI=PTR/100

PTR=SI*100

R=(SI*100)/PT

R=(122*100)/2440*1/3
R=15%

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