The banker's discount on a certain sum due 4 yr, hence is 11/10 of the – McqOptions

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1.	The banker's discount on a certain sum due 4 yr, hence is 11/10 of the true discount. Find the rate per cent per annum.
A.	2.5%
B.	5%
C.	5.5%
D.	1.5%
Answer» B. 5%

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