The banker’s discount and the true discount on a sum of money due 8 months hence

MCQ Practice

The banker's discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively. Find the rate percent.

Subject: MathematicsTopic: Bankers Discount

$$frac{{120}}{{11}},% $$

$$frac{{130}}{{11}},% $$

$$frac{{140}}{{11}},% $$

$$frac{{150}}{{11}},% $$

Correct Answer: D