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If the simple interest on ₹2000 at 5 % p.a. is equal to the true discount on ₹2500 for the same time and at the same rate, the time is :
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4 1 Years 2 - 5 Year
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7 1 Years 2 -
2 1 Years 2 - None of these
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Correct Option: B
Given :- True Discount ( T.D. ) = ₹500
Rate = 5%
Present Worth ( P.W. ) = ₹2000
| ∴ Time = | True Discount × 100 | Year |
| Present Worth × Rate |
| Time = | 500×100 | = 5 Year |
| 2000×5 |
