Question

Que Rs 10 to be paid in
11 monthly installments.
B each installments is
of Rs 1 . Find the rate
of interest per annum ?
(a) 5/11 %
(b) 5 %
(c) 240/11%​

Answer 1

Answer:

5/11% (a) by simplification

Answer 2

Answer:

$a) \frac{5}{11} \%$