The banker's discount and the true discount on a sum of money due 8 mo – McqOptions

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1.	The banker's discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively. Find the rate percent.
A.	$\frac{{120}}{{11}}\,\% $$
B.	$\frac{{130}}{{11}}\,\% $$
C.	$\frac{{140}}{{11}}\,\% $$
D.	$\frac{{150}}{{11}}\,\% $$
Answer» E.

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