The present value of a bill due at the end of 2 years is Rs.1250. If the bill we

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The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.

A. rs.600
B. rs.601
C. rs.602
D. rs.603

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