The true discount on a certain of money due $${\text{2}}\frac{{\text{2}}}{{\text{3}}}$$years hence, is Rs. 150 and the simple interest on the same sum for the same time and at the same rate is Rs. 200. Interest rate per annum is ?

The true discount on a certain of money due $${\text{2}}\frac{{\text{2

1.	The true discount on a certain of money due $${\text{2}}\frac{{\text{2}}}{{\text{3}}}$$years hence, is Rs. 150 and the simple interest on the same sum for the same time and at the same rate is Rs. 200. Interest rate per annum is ?
A.	0%
B.	2%
C.	${\text{12}}\frac{1}{2}\% $$
D.	${\text{8}}\frac{1}{2}\% $$
Answer» D. ${\text{8}}\frac{1}{2}\% $$

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The true discount on a certain of money due $${\text{2}}\frac{{\text{2}}}{{\text{3}}}$$years hence, is Rs. 150 and the simple interest on the same sum for the same time and at the same rate is Rs. 200. Interest rate per annum is ?

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