The interest on Rs.750 for 2yrs is the same as the True Discount on Rs.960 due 2yrs hence . If the rate of interest is same in both cases,it is:  Choose the correct choice
A) 12%	B) 14%	C) 15%	D) 16%	E) 26%
Explanation:   S.I on Rs.750= T.D on Rs. 960   This means P.W of Rs. 960 due 2 years hence is Rs.750   Therefore , T.D= Rs. (960 - 750) = Rs. 210   Thus, S.I on Rs. 750 for 2 years is Rs. 210   ∴Rate=[100×210/750×2]% = 14%   Answer: 14%
<result>B</result>
The interest on Rs.750 for 2yrs is the same as the True Discount on Rs.960 due 2yrs hence . If the rate of interest is same in both cases,it is: