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:

112%
214%
315%
416%

Answer:- 1

Explanation:-

Solution:

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.

\begin{aligned} ∴ Rate = (\frac{100 \times 210}{750 \times 2}) % \\ = 14 % \end{aligned}

$\eqalign{ & \therefore {\text{Rate}} = \left( {\frac{{100 \times 210}}{{750 \times 2}}} \right)\% \cr & = 14\% \cr}$

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", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution:

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.

\begin{aligned} ∴ Rate = (\frac{100 \times 210}{750 \times 2}) % \\ = 14 % \end{aligned}

$\eqalign{ & \therefore {\text{Rate}} = \left( {\frac{{100 \times 210}}{{750 \times 2}}} \right)\% \cr & = 14\% \cr}$ ", "dateCreated": "7/24/2019 10:09:12 AM" } }