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A sum of $10000 is borrowed for 5 years. If the Banker's Discount is $2500, what
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Q1
A sum of $10000 is borrowed for 5 years. If the Banker's Discount is $2500, what is the effective interest rate?
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A sum of $10000 is borrowed for 5 years. If the Banker's Discount is $2500, what is the effective interest rate?
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