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

5 1 % 5
9 1 % 11
8 1 % 8
6 1 % 6

Correct Answer: 9 1 % 11

Explanation:

Let, B.D = Re. 1.

Then, B.G. = Re.	3	.
	25

∴ T.D. = (B.D. - B.G.) = Re.	❨	1 -	3	❩	= Re.	22	.
			25			25

Sum =	❨	1 x (22/25)	❩	= Rs.	22	.
		1-(22/25)			3

S.I. on Rs.	22	for 1	1	years is Re. 1.
	3		2

∴ Rate =

❨

100 x 1

❩%

=	100	= 9	1	%.
	11		11

22	x	3
3	x	2

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