A money lender claims to lend money at the rate of 10% per annum simpl – McqOptions

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1.	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 ?
A.	10%
B.	10191019 %10191019101910191019101910191911991019
C.	11%
D.	11191119 %11191119111911191119111911191911991119
Answer» B. 10191019 %10191019101910191019101910191911991019

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