The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.  Choose the correct choice.
A) rs.1175  B) rs.1375  C) rs.1475  D) rs.1575  E) None of these
Explanation:   PW=100xAmount/100+(Rx T)   Answer: rs.1375
<result>B</result>
The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.