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| 1. |
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is: |
| Answer» P.W. = Rs. (2562 - 122) = Rs. 2440. S.I. on Rs. 2440 for 4 months is Rs. 122. Rate = 100 x 122 % = 15%. 2440 x 1 3 | |