The banker's discount on a certain sum due 2 years hence is 11/10 of the true discount.The rate percent is
Options:
A) 11% B) 10% C) 5% D) 5.5% E) 6%
Solution   Let T.D be Rs 1.Then, B.D	=Rs.11 / 10   = Rs.1.10.   Sum	=Rs.(1.10 x 1/ 1.10-1)   = Rs.(110 / 10)   = Rs. 11.   S.I on Rs.11 for 2 years is Rs.1.10.   Rate	=(100 x 1.10 / 11 x 2)%   = 5%   Answer 5%
<result>C</result>
The banker's discount on a certain sum due 2 years hence is 11/10 of the true discount.The rate percent is