ABC26GN5388 · True Discount

Subject: General Aptitude · Chapter: True Discount · Exam: · Marks: · Difficulty:

The true discount on a certain sum of money due 3 years hence is ₹250 and the simple interest on the same sum for the same time and at the same rate is ₹375. Find the sum and the rate percent.

Answer

Answer (as printed):

Explanation

T.D. = ` 250 and S.I. = ` 375. S.I. × T.D.  375 × 250  ∴ Sum due = =`  = ` 750. (S.I.) − (T.D.)  375 − 250   100 × 375  2 Rate =   % = 16 %.  750 × 3  3

Explanation as extracted from the printed page; notation may be imperfect.

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