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What is the effective interest earned if the Banker's Discount on a loan of $200
Practice Questions
Q1
What is the effective interest earned if the Banker's Discount on a loan of $2000 for 1 year at 5% is $100?
$100
$200
$50
$150
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What is the effective interest earned if the Banker's Discount on a loan of $2000 for 1 year at 5% is $100?
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