The true discount on a certain sum money due 4 yr hence is 75 and th – McqOptions

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1.	The true discount on a certain sum money due 4 yr hence is 75 and the simple interest on the same sum for the same time and at the same rate of interest is 225. Find the rate per cent.
A.	25%
B.	50%
C.	31%
D.	45%
E.	None of the above
Answer» C. 31%

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