The banker's discount on a certain sum due 2 years hence is 11/10 of t – McqOptions

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1.	The banker's discount on a certain sum due 2 years hence is 11/10 of the true discount. The rate percent is:
A.	11%
B.	10%
C.	5%
D.	5.5%
Answer» D. 5.5%

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