If the Banker's Discount on a sum of $5000 for 3 years at 12% per annum is calcu

Practice Questions

Q1
If the Banker's Discount on a sum of $5000 for 3 years at 12% per annum is calculated, what is the amount?
  1. $1800
  2. $1200
  3. $1500
  4. $2000

Questions & Step-by-Step Solutions

If the Banker's Discount on a sum of $5000 for 3 years at 12% per annum is calculated, what is the amount?
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