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What is the Banker's Discount on a loan of $10000 for 2 years at 6%?

Practice Questions

Q1
What is the Banker's Discount on a loan of $10000 for 2 years at 6%?
  1. $1200
  2. $600
  3. $800
  4. $1000

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What is the Banker's Discount on a loan of $10000 for 2 years at 6%?
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