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If the Banker's Discount on a loan of $10000 for 1 year at 10% is $1000, what is

Practice Questions

Q1
If the Banker's Discount on a loan of $10000 for 1 year at 10% is $1000, what is the total amount to be paid back?
  1. $9000
  2. $10000
  3. $11000
  4. $12000

Questions & Step-by-Step Solutions

If the Banker's Discount on a loan of $10000 for 1 year at 10% is $1000, what is the total amount to be paid back?
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