The banker’s discount on a sum of money for 3 years is Rs. 1116. The true discou – OfficerPath

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MCQ Practice

The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate per cent?

Subject: MathematicsTopic: Bankers Discount

A

8%

B

12%

C

10%

D

6%

Correct Answer: D

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