A bill is discounted at 5 % per annum. If banker s discount be allowed, at what rate of interest must the proceeds be invested, so that nothing is lost?

A bill is discounted at 5 % per annum. If banker s discount be allowed

1.	A bill is discounted at 5 % per annum. If banker s discount be allowed, at what rate of interest must the proceeds be invested, so that nothing is lost?
A.	5%
B.	10%
Answer» D.

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A bill is discounted at 5 % per annum. If banker s discount be allowed, at what rate of interest must the proceeds be invested, so that nothing is lost?

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