Question
Mathematics Question on Percentage
The banker's discount on a certain sum due 2 years hence is 1011 of the true discount. The rate percent is :
A
11%
B
10%
C
5%
D
5.5%
Answer
5%
Explanation
Solution
The correct option is (C): 5% .
The banker's discount on a certain sum due 2 years hence is 1011 of the true discount. The rate percent is :
11%
10%
5%
5.5%
5%
The correct option is (C): 5% .