Aptitude - True Discount - Discussion
Discussion Forum : True Discount - General Questions (Q.No. 12)
12.
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:
Answer: Option
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.
| Rate = |
 |
100 x 210 |  % |
= 14% |
| 750 x 2 |
Discussion:
13 comments Page 2 of 2.
Vishal said:
10 years ago
Is there any other method?
Praveen reddy said:
9 years ago
I am satisfied with your answer. Thanks, @Deepesh.
D Priya said:
8 years ago
It is said that SI = TD.
So we can calculate the rate by comparing this equality given in this question.
So we can calculate the rate by comparing this equality given in this question.
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