Correct Answer: Option B
S.I. on Tk. 750 = TRUE DISCOUNT. on Tk. 960.
This means PRESENT WORTH of Tk. 960 due 2 years hence is Tk. 750.
Or, TRUE DISCOUNT= Tk. (960-750)=Tk. 210
Thus, S.I on Tk. 750 for 2 years is Tk. 210.
Rate = (100×210)/(750×2)% = 14%
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