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If the Banker's Discount on a sum of $8000 for 5 years at 8% per annum is calcul

Practice Questions

Q1
If the Banker's Discount on a sum of $8000 for 5 years at 8% per annum is calculated, what is the discount?
  1. $3200
  2. $4000
  3. $2400
  4. $1600

Questions & Step-by-Step Solutions

If the Banker's Discount on a sum of $8000 for 5 years at 8% per annum is calculated, what is the discount?
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