The banker s discount on a certain amount due 2 years hence is 11/10 o

1.
The banker s discount on a certain amount due 2 years hence is 11/10 of the true discount. What is the rate percent?

A. 1%

B. 5%

C. 10%

D. 12%

Answer» C. 10%

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The banker s discount on a certain amount due 2 years hence is 11/10 of the true discount. What is the rate percent?

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1.	The banker s discount on a certain amount due 2 years hence is 11/10 of the true discount. What is the rate percent?
A.	1%
B.	5%
C.	10%
D.	12%
Answer» C. 10%