52. The banker's discount on a certain sum due 2 years hence is 11 of the true discount.10 The rate percent is:
A. 11% B. 10%
C. 5% D. 5.5%
Answer: Option C
Explanation:
Let T.D. be Re. 1.
Then, B.D. = Rs.
|
11
|
= Rs. 1.10.
|
10
|
Sum = Rs.
|
|
1.10 x 1
|
|
= Rs.
|
|
110
|
|
= Rs. 11.
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1.10 - 1
|
10
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S.I. on Rs. 11 for 2 years is Rs. 1.10
Rate =
|
|
100 x 1.10
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%
|
= 5%.
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11 x 2
|
| | | | |
