Question:The true discount on Rs. `2562` due `4` months hence is Rs. `122`. The rate per cent is : 

A `12%` 
B `13 1.3%` 
C `15%` 
D `14%` 

+ Answer
C 

+ Explanation
p.w = Rs. (2562 - 122)`

`= Rs. 2440.

`:. S.l. on Rs. 2440` For `4` month is Rs. `122`.

`:. Rate = ((100 xx 122)/(2440 xx 1/3))%`

`= 15%`

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