The TrueDiscount on a certain sum of money due 3 years hence is Rs.250 and SimpeInterest on the same sum for same time and same rate is Rs375. Find sum and rate%?
A) (16 + 4/3)%
B) (16 +1/3)%
C) (16 + 5/3)%
D) (16 + 2/3)%
Answer: D) (16 + 2/3)%
Explanation:
sum = [(S.I x T.D)/(S.I-T.D)] = Rs. [(375 x 250)/(375-250)] = Rs.750
The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.
The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.