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A loan of $8000 is taken for 3 years at a Banker's Discount of 15%. What is the

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Q1
A loan of $8000 is taken for 3 years at a Banker's Discount of 15%. What is the total discount?
  1. $3600
  2. $2400
  3. $1200
  4. $1800

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A loan of $8000 is taken for 3 years at a Banker's Discount of 15%. What is the total discount?
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