The basic enthusiasm on Rs 750 for a long time is equivalent to the genuine rebate on Rs 810 for the same time and at the same rate. The rate of interest per annum is:
Answer: A
S.I. on Rs 750 for 2 years = T.D. on Rs 810 due 2 years hence
∴ P.W. of Rs. 810 due 2 years hence = Rs 750
∴ T.D. = Rs (810-750) = Rs 60
Rate = ((100*60)/(750*2))% p.a. = 4% p.a.