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If the true discount on a sum is $80 and the sum is due in 2 years at a rate of

Practice Questions

Q1
If the true discount on a sum is $80 and the sum is due in 2 years at a rate of 10% per annum, what is the present worth?
  1. $720
  2. $800
  3. $880
  4. $960

Questions & Step-by-Step Solutions

If the true discount on a sum is $80 and the sum is due in 2 years at a rate of 10% per annum, what is the present worth?
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