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What is the Banker's Discount on a loan of $6000 for 2 years at 9% per annum?

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Q1

What is the Banker's Discount on a loan of $6000 for 2 years at 9% per annum?

$1080
$720
$540
$900

Questions & Step-by-Step Solutions

What is the Banker's Discount on a loan of $6000 for 2 years at 9% per annum?

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