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The banker's discount on a certain sum due 2 years hence is 11 of the true discount. 10 The rate percent is: p> ?->(Show Answer!)
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1. The banker's discount on a certain sum due 2 years hence is 11 of the true discount. 10 The rate percent is:





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  • By: guest on 01 Jun 2017 05.44 pm
    Let T.D. be Re. 1. Then, B.D. = Rs. 11 = Rs. 1.10. 10 Sum = Rs. 1.10 x 1 = Rs. 110 = Rs. 11. 1.10 - 1 10 S.I. on Rs. 11 for 2 years is Rs. 1.10 Rate = 100 x 1.10 % = 5%. 11 x 2
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