Question:
The banker's discount on a certain sum due 2 years hence is \(\frac {11}{10}\) of the true discount. The rate percent is :
The banker's discount on a certain sum due 2 years hence is \(\frac {11}{10}\) of the true discount. The rate percent is :
Updated On: Oct 11, 2024
\(11\%\)
\(10\%\)
\(5\%\)
\(5.5\%\)
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The Correct Option is C
Solution and Explanation
The correct option is (C): \(5\%\) .
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