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Discussion

The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.

  • A.(6 + 2/3)%
  • B.(5+ 2/3)%
  • C.(2+ 2/3)%
  • D.(4+ 2/3)%

Answer: A

Sum ⇒ Amount 

A = (SI x TD)/(SI - TD)

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