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The bankers discount on a certain sum...

The bankers discount on a certain sum due 2 years hence is `(11)/(10)` of the true discount. The rate percent is (a) 11% (b) 10% (c) 5% (d) 5.5%

A

`11%`

B

`10%`

C

`5%`

D

`5 1/3 %`

Text Solution

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The correct Answer is:
C
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  15. Find the banker's discount on a bill of Rs. 12750 due 2 months hence a...

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  16. The true discount on a bill of Rs.3720 due after 4 months is Rs. 120. ...

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  17. The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. ...

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  18. Find the banker's gain on bill of Rs.6900 due 3 years hence at 5% per ...

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