The rate percent is:

Question:

The rate percent is:
[A].

11%

[B].

10%

[C].

5%

[D].

5.5%

Answer: Option C

Explanation:

Let T.D. be Re. 1.

Then, B.D. = Rs.	11	= Rs. 1.10.
	10

Sum = Rs.		1.10 x 1		= Rs.		110		= Rs. 11.
		1.10 – 1				10

S.I. on Rs. 11 for 2 years is Rs. 1.10

Rate =		100 x 1.10	%	= 5%.
		11 x 2