The banker’s discount on a certain sum due 2 years hence is (11)/(10) of the tru – OfficerPath

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MCQ Practice

The banker's discount on a certain sum due 2 years hence is (11)/(10) of the true discount. The rate percent is:

Subject: MathematicsTopic: Bankers Discount

A

11%

B

10%

C

5%

D

5.5%

Correct Answer: C

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