Question

The banker's gain on a certain sum due 1(1/2) years hence is 3/25 of the banker's discount. The rate percent is:

a.

5(1/5)%

b.

9(1/11)%

c.

8(1/8)%

d.

6(1/6)%

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Answer: (b).9(1/11)%

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Q. The banker's gain on a certain sum due 1(1/2) years hence is 3/25 of the banker's discount. The rate percent is:

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