Subject

    Quantitative Aptitude

    Topic

    Percentage

    The true discount on Tk. 2562 due 4 months hence is Tk. The rate percent is:

    ক)
    12%
    খ)
    131/3%
    গ)
    15%
    ঘ)
    14%

    Explanation

    P.W. = Tk. (2562-122) = Tk. 2440 {here, P.W.=Present Worth} So, S.I. on Tk. 2440 for 4 months is Tk. 122 So, Rate = [(100×122)/{2440×(1/3)}]% = 15%

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