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If the Banker's Discount on a sum of $3000 for 5 years at 8% per annum is $1200,

Practice Questions

Q1
If the Banker's Discount on a sum of $3000 for 5 years at 8% per annum is $1200, what is the total amount due?
  1. $4200
  2. $3000
  3. $3600
  4. $4800

Questions & Step-by-Step Solutions

If the Banker's Discount on a sum of $3000 for 5 years at 8% per annum is $1200, what is the total amount due?
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