The banker's discount on a certain sum due 2 years hence is $$\frac{{11}}{{10}}$

Question

The banker's discount on a certain sum due 2 years hence is $$\frac{{11}}{{10}}$$ of the true discount. The rate percent is:

Options:

A . 11%

B . 10%

C . 5%

D . 5.5%

Answer: Option C

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More Questions on This Topic :

Question 1. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:....

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