Question
Quantitative Aptitude Question on SI & CI
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:
A
12%
B
14%
C
15%
D
16%
Answer
14%
Explanation
Solution
The correct option is (B):14%