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If the true discount on a sum of money is $250 and the present worth is $1250, w

Practice Questions

Q1
If the true discount on a sum of money is $250 and the present worth is $1250, what is the time period at 8% per annum?
  1. 1 year
  2. 2 years
  3. 3 years
  4. 4 years

Questions & Step-by-Step Solutions

If the true discount on a sum of money is $250 and the present worth is $1250, what is the time period at 8% per annum?
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