The banker's profit on a particular sum due in one year is three times the banker's 2 25 discount. The percentage rate is:
A. 5 1/5%
B. 9 1/11%
C. 8 1/8%
D. 6 1/6%
Answer:C
The banker's profit on a particular sum due in one year is three times the banker's 2 25 discount. The percentage rate is:
A. 5 1/5% B. 9 1/11% C. 8 1/8% D. 6 1/6%