My Learning Cart

If the Banker's Discount on a loan of $10000 for 1 year at 9% is $900, what is t

Practice Questions

Q1
If the Banker's Discount on a loan of $10000 for 1 year at 9% is $900, what is the effective interest rate?
  1. 8%
  2. 9%
  3. 10%
  4. 11%

Questions & Step-by-Step Solutions

If the Banker's Discount on a loan of $10000 for 1 year at 9% is $900, what is the effective interest rate?
No concepts available.
School
School
College
College
Degree
Degree
Competitve
Competitve
Skills
Skills
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely