1.  The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is: 

Answer: Option B Explanation: S.I. on Rs. 750 = T.D. on Rs. 960. This means P.W. of Rs. 960 due 2 years hence is Rs. 750. T.D. = Rs. (960  750) = Rs. 210. Thus, S.I. on R.s 750 for 2 years is Rs. 210.
