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

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1.	The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 2¹/₂ years, its present worth would be Rs. 1016. Find the rate percent and the sum of the bill ?
A.	10%, Rs. 1270
B.	8%, Rs. 1720
C.	16%, Rs. 1570
D.	18%, Rs. 1560
Answer» B. 8%, Rs. 1720

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