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The present worth of a bill due 7 months...

The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of `2 1/2` years, its present worth would be Rs. 1016. Find the rate per cent and the sum of the bill-

A

`10%`, Rs. 1270

B

`8%`, Rs. 1720

C

`16%`, Rs. 1570

D

`18%`, Rs. 1560

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The correct Answer is:
A
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