A bill is discounted at 10% per annum. If banker's discount is allowed – McqOptions

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1.	A bill is discounted at 10% per annum. If banker's discount is allowed, at what rate percent should the proceeds be invested so that nothing will be lost?
A.	$10\frac{1}{9}\,\% $$
B.	$11\frac{1}{9}\,\% $$
C.	$11\,\% $$
D.	$10\frac{2}{9}\,\% $$
Answer» C. $11\,\% $$

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