The banker's discount on a one-year quantity of money is Rs. 558, whereas the real discount on the same value over two years is Rs. 600. The percentage rate is:
A. 10%
B. 13%
C. 12%
D. 15%
Answer:C
The banker's discount on a one-year quantity of money is Rs. 558, whereas the real discount on the same value over two years is Rs. 600. The percentage rate is:
A. 10% B. 13% C. 12% D. 15%