The present worth of a bill due 7 months hence is 1200 and if the bill were due at the end of 21 years its present worth would be 1016. 2The rate percent is

The present worth of a bill due 7 months hence is 1200 and if the bil

1.	The present worth of a bill due 7 months hence is 1200 and if the bill were due at the end of 21 years its present worth would be 1016. 2The rate percent is
A.	5%
B.	10%
C.	15%
D.	20%
Answer» C. 15%

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The present worth of a bill due 7 months hence is 1200 and if the bill were due at the end of 21 years its present worth would be 1016. 2The rate percent is

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