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If the Banker's Discount on a sum of $5000 for 1 year at 12% per annum is calcul

Practice Questions

Q1
If the Banker's Discount on a sum of $5000 for 1 year at 12% per annum is calculated, what is the amount?
  1. $600
  2. $500
  3. $700
  4. $400

Questions & Step-by-Step Solutions

If the Banker's Discount on a sum of $5000 for 1 year at 12% per annum is calculated, what is the amount?
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