A sum of Rs. 10 is lent by a child to his friend to be returned in 11 monthly in

MCQ Practice

A sum of Rs. 10 is lent by a child to his friend to be returned in 11 monthly instalment a of Rs. 1 each, the interest being simple. The rate of interest is:

Subject: MathematicsTopic: Interest

$$11frac{9}{{11}}% $$

$$21frac{9}{{11}}% $$

$$10frac{2}{{11}}% $$

$$9frac{1}{{11}}% $$

Correct Answer: B