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The interest on Rs 750 for 2 yrs is the same as the true discount on Rs 960 due 2 yrs hence. If the rate of interest is the same in both cases, it is

A.	12%	B.	14%
C.	15%	D.	16 2/3%

Answer and Explanation

Answer:14%

Explanation:
SI on Rs 750 = TD on Rs 960
This means PW of Rs 960 due 2 yrs hence is Rs 750.
Hence, TD = Rs (960 – 750) = Rs 210
Thus, SI on Rs 750 for 2 yrs is Rs 210
Hence, Rate = (100 * 210) / (750 * 2) = 14%

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