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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. 16$$\frac { 2 } { 3 }$$%

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=$$[ \frac { 100*210 } { 750*2} ]$$%=14%

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