True discount on a certain sum of money due 4 years hence is Rs 80 and the simple interest on the same sum for the same time and at the same rate is Rs 100. Determine the rate % p.a. Options: A . &nbsp \(4\frac{1}{4}\) % B . &nbsp \(5\frac{1}{4}\) % C . &nbsp \(6\frac{1}{4}\) % D . &nbsp \(7\frac{1}{4}\) %

True discount on a certain sum of money due 4 years hence is Rs 80 and the si

Question

True discount on a certain sum of money due 4 years hence is Rs 80 and the simple interest on the same sum for the same time and at the same rate is Rs 100. Determine the rate % p.a.

Options:

A . \(4\frac{1}{4}\)%

B . \(5\frac{1}{4}\)%

C . \(6\frac{1}{4}\)%

D . \(7\frac{1}{4}\)%

Answer: Option C

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