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A money lender claims to lend money at t...

A money lender claims to lend money at the rate of 10% per annum simple interest. However. He takes the interest in advance when he laends a sum for one year. At what interest rate does he lend the money actually ?

A

0.1

B

`10(1)/(9)` %

C

0.11

D

`11(1)/(9)`%

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Verified by Experts

The correct Answer is:
D
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