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 ?

`10 %`

`10 (1/9) %`

`9(1/11) %`

`11 (1/9) %`

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