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

MCQOPTIONS

1.

The present worth of a bill due 7 months hence is 1200 and if the bill were
due at the end of 2 1 years its present worth would be 1016.
2
The rate percent is

A.

5%

B.

10%

C.

15%

D.

20%

Answer» C. 15%

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