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A sum of $4000 is borrowed for 3 years at a Banker's Discount of 9%. What is the

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Q1
A sum of $4000 is borrowed for 3 years at a Banker's Discount of 9%. What is the total discount?
  1. $1080
  2. $720
  3. $360
  4. $540

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A sum of $4000 is borrowed for 3 years at a Banker's Discount of 9%. What is the total discount?
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