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What is the Banker's Discount on a loan of $2500 for 2 years at 6%?

Practice Questions

Q1
What is the Banker's Discount on a loan of $2500 for 2 years at 6%?
  1. $300
  2. $200
  3. $150
  4. $100

Questions & Step-by-Step Solutions

What is the Banker's Discount on a loan of $2500 for 2 years at 6%?
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