If the banker's discount on a sum due in 1 year is $150 at 10% per annum, what i

Practice Questions

Q1
If the banker's discount on a sum due in 1 year is $150 at 10% per annum, what is the present worth?
  1. $1350
  2. $1400
  3. $1450
  4. $1500

Questions & Step-by-Step Solutions

If the banker's discount on a sum due in 1 year is $150 at 10% per annum, what is the present worth?
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