A money lender claims to lend money at the rate of 10% per annum simple interest. However, he takes the interest in advance when he lends a sum for one year. At what interest rate does he lend the money actually ?

110%
2 $10 \frac{1}{9}$ $10\frac{1}{9}$ %
311%
4 $11 \frac{1}{9}$ $11\frac{1}{9}$ %

Answer:- 1

Explanation:-

Solution:

\begin{aligned} Amount \to 10 \\ ↓ \\ 90 \to \frac{10}{90} \times 100 \\ = 11 \frac{1}{9} % \end{aligned}

$\eqalign{ & {\text{Amount}} \to {\text{10}} \cr & \,\,\,\,\, \downarrow \cr & \,\,\,\,\,90 \to \frac{{10}}{{90}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\, = 11\frac{1}{9}\% \cr}$

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", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution:

\begin{aligned} Amount \to 10 \\ ↓ \\ 90 \to \frac{10}{90} \times 100 \\ = 11 \frac{1}{9} % \end{aligned}

$\eqalign{ & {\text{Amount}} \to {\text{10}} \cr & \,\,\,\,\, \downarrow \cr & \,\,\,\,\,90 \to \frac{{10}}{{90}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\, = 11\frac{1}{9}\% \cr}$ ", "dateCreated": "7/24/2019 10:09:12 AM" } }