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The banker's gain on a certain sum due 5/2 years hence is 9/25 of the banker's discount. What is the rate percent?
  • a)
  • b)
  • c)
  • d)
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The bankers gain on a certain sum due 5/2 years hence is 9/25 of the b...
Let BD = 1
Then, BG = 9/25
T = 5/2 years
TD = BD - BG
=> 1 - 9/25
=> 16/25
BG = (TD * RT)/100
9/25 = 16/25 * R * 5/2 * 1/100
R = 45/2
R = 22 1/2
 
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The bankers gain on a certain sum due 5/2 years hence is 9/25 of the b...
Let BD = 1
Then, BG = 9/25
T = 5/2 years
TD = BD - BG
=> 1 - 9/25
=> 16/25
BG = (TD * RT)/100
9/25 = 16/25 * R * 5/2 * 1/100
R = 45/2
R = 22 1/2
 
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The bankers gain on a certain sum due 5/2 years hence is 9/25 of the bankers discount. What is the rate percent?a)b)c)d)Correct answer is option 'D'. Can you explain this answer?
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