The banker's discount on an amount due in two years is 11 /10times the real discount. The percentage rate is:
A. 11%
B. 10%
C. 5%
D. 5.5%
Answer:C
The banker's discount on an amount due in two years is 11 /10times the real discount. The percentage rate is:
A. 11% B. 10% C. 5% D. 5.5%