The banker s gain on a certain sum due 5/2 years hence is 9/25 of the banker s discount. What is the rate percent?

The banker s gain on a certain sum due 5/2 years hence is 9/25 of the

1.	The banker s gain on a certain sum due 5/2 years hence is 9/25 of the banker s discount. What is the rate percent?
A.	18.08%
B.	18.03%
C.	24.08%
D.	22.08%
Answer» E.

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The banker s gain on a certain sum due 5/2 years hence is 9/25 of the banker s discount. What is the rate percent?

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