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The interest on Rs. 750 for 2 years is equal to the true discount on Rs. 810 for the same time and at the same rate. The rate percent is ?
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- 41/3%
- 51/6%
- 4%
- 5%
Correct Option: C
Since T.D. is S.I. on Rs. P.W.,
we have Rs. (810 - 750) or Rs. 60 as S.I. on Rs. 750 for 2 years
∴ Rate = (100 x 60) / (750 x 2) = 4%
