What rate present does a man get for his money when in discounting a bill due 10

MCQ Practice

What rate present does a man get for his money when in discounting a bill due 10 months hence he deducts 10% of the amount of the bill ?

Subject: MathematicsTopic: Bankers Discount

$$12frac{1}{2},% $$

$$13frac{1}{5},% $$

$$13frac{1}{3},% $$

$$13frac{3}{7},% $$

Correct Answer: C