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If the true discount on a sum is $150 and the time is 4 years at 6% per annum, w

Practice Questions

Q1
If the true discount on a sum is $150 and the time is 4 years at 6% per annum, what is the sum?
  1. $1000
  2. $1200
  3. $1500
  4. $1800

Questions & Step-by-Step Solutions

If the true discount on a sum is $150 and the time is 4 years at 6% per annum, what is the sum?
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