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What is the Banker's Discount on a loan of $1500 for 2 years at 6% per annum?

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Q1

What is the Banker's Discount on a loan of $1500 for 2 years at 6% per annum?

$180
$120
$90
$60

Questions & Step-by-Step Solutions

What is the Banker's Discount on a loan of $1500 for 2 years at 6% per annum?

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