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If the Banker's Discount on a sum of $3000 for 4 years at 8% is $960, what is th

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Q1
If the Banker's Discount on a sum of $3000 for 4 years at 8% is $960, what is the principal amount?
  1. $4000
  2. $3000
  3. $5000
  4. $6000

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If the Banker's Discount on a sum of $3000 for 4 years at 8% is $960, what is the principal amount?
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