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Calculate the maturity value of a bill of $4000 with a Banker's Discount of $200 for 6 months.

Practice Questions

1 question
Q1
Calculate the maturity value of a bill of $4000 with a Banker's Discount of $200 for 6 months.
  1. $3800
  2. $4000
  3. $4200
  4. $4400

Questions & Step-by-step Solutions

1 item
Q
Q: Calculate the maturity value of a bill of $4000 with a Banker's Discount of $200 for 6 months.
Solution: Maturity Value = Principal + BD = 4000 + 200 = $4200
Steps: 5

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