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What is the Banker's Discount on a sum of $1500 for 2 years at 15% per annum?

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Q1

What is the Banker's Discount on a sum of $1500 for 2 years at 15% per annum?

$450
$300
$225
$150

Questions & Step-by-Step Solutions

What is the Banker's Discount on a sum of $1500 for 2 years at 15% per annum?

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