Banker’s gain is \(\frac{1}{10}\) th of true discount for 1 year on a certain sum. The rate per cent p.a. is Options: A . &nbsp10 % B . &nbsp11% C . &nbsp12% D . &nbspnone of these

Banker’s gain is \(\frac{1}{10}\) th of true discount for 1 year on a certain

Question

Banker’s gain is \(\frac{1}{10}\) th of true discount for 1 year on a certain sum. The rate per cent p.a. is

Options:

A . 10 %

B . 11%

C . 12%

D . none of these

Answer: Option A

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