The true discount on a certain sum of money due 3 years hence is Rs.250 and the simple interest on the same sum for the same time and at the same rate is Rs.375. Find the sum and the rate percent.
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Solution
T.D=Rs.250 and S.I=Rs.375
Sum due=S.I×T.DS.I−T.D=375×250375−250=375×250125=375×2=Rs.750