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A bill is discounted at 5% per annum. If...

A bill is discounted at `5%` per annum. If banker's discount be allowed at what rate per cent must the proceeds be invested, so that nothing may be lost ?

A

`5%`

B

`4 (19)/(21)%`

C

`5 5/ (19)%`

D

`10%

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The correct Answer is:
C
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