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A sum of $1500 is due in 5 years. If the Banker's Discount is $300, what is the

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Q1
A sum of $1500 is due in 5 years. If the Banker's Discount is $300, what is the rate of interest?
  1. 4%
  2. 5%
  3. 6%
  4. 3%

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A sum of $1500 is due in 5 years. If the Banker's Discount is $300, what is the rate of interest?
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