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If the present worth of a sum is $1200 and the banker's discount is $180 at 9% p

Practice Questions

Q1
If the present worth of a sum is $1200 and the banker's discount is $180 at 9% per annum, what is the time period?
  1. 1 year
  2. 2 years
  3. 3 years
  4. 4 years

Questions & Step-by-Step Solutions

If the present worth of a sum is $1200 and the banker's discount is $180 at 9% per annum, what is the time period?
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