The banker’s discount on a sum of money for 1(1)/(2) years is Rs. 558 and the tr – OfficerPath

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MCQ Practice

The banker's discount on a sum of money for 1(1)/(2) years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

Subject: MathematicsTopic: Bankers Discount

A

10%

B

13%

C

12%

D

15%

Correct Answer: C

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