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If the Banker's Discount on a sum of $8000 for 5 years at 6% is $2400, what is t

Practice Questions

Q1
If the Banker's Discount on a sum of $8000 for 5 years at 6% is $2400, what is the actual amount received?
  1. $5600
  2. $6400
  3. $6000
  4. $7200

Questions & Step-by-Step Solutions

If the Banker's Discount on a sum of $8000 for 5 years at 6% is $2400, what is the actual amount received?
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