what rate percent does a man get for his money when in discounting a bill due

Question

what rate percent does a man get for his money when in discounting a bill due 10 months hence, he deducts 10% of the amount of the bill?

Options:

A . 10/3%

B . 20/3%

C . 50/3%

D . 40/3%

Answer: Option D
Explanation :

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Question 1. a bill for rs. 6000 is drawn on july 14 at 5 months. it is discounted on 5th october at 10%. find the banker's gain.....

Question 2. what rate percent does a man get for his money when in discounting a bill due 10 months hence, he deducts 10% of the a....hence, he deducts 10% of the amount of the bill?

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