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The banker's discount on a sum of money for 1-1/2 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

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The banker's discount on a sum of money for 1-1/2 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is: Answer: 12%

Question context

This question is part of 📏 Arithmetic Aptitude within the broader 🧠 Aptitude Mastery subject and appears in the DemoPaper-Pakistan preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.