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If the present worth of a sum is $2000 and the true discount is $400, what is th

Practice Questions

Q1
If the present worth of a sum is $2000 and the true discount is $400, what is the rate of interest per annum for 2 years?
  1. 5%
  2. 10%
  3. 15%
  4. 20%

Questions & Step-by-Step Solutions

If the present worth of a sum is $2000 and the true discount is $400, what is the rate of interest per annum for 2 years?
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