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Aptitude · Q13

Bankers Discount

Competitive Exams · Aptitude · question 13

Q13

The banker's discount on a certain sum due 2 years hence is 1110 of the true discount. The rate percent is:

The banker's discount on a certain sum due 2 years hence is of the true discount. The rate percent is:
A.
11%
B.
10%
C.
5%
Answer
D.
5.5%

Answer: Option C

Solution

Answer: Option C
Solution: