What rate present does a man get for his money when in discounting a b – McqOptions

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1.	What rate present does a man get for his money when in discounting a bill due 10 months hence he deducts10%of the amount of the bill ?
A.	$12\frac{1}{2}\,\% $$
B.	$13\frac{1}{5}\,\% $$
C.	$13\frac{1}{3}\,\% $$
D.	$13\frac{3}{7}\,\% $$
Answer» D. $13\frac{3}{7}\,\% $$

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