If the true discount for a sum of 50000 for a period of 4 yr at a ce – McqOptions

MCQOPTIONS

1.	If the true discount for a sum of 50000 for a period of 4 yr at a certain rate of interest per annum is 2000, find the rate of interest.
A.	1%
B.	1.5%
C.	2%
D.	5%
E.	None of the above
Answer» B. 1.5%

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