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:

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

• 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/(750*2)= 14%
  
  
  
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