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If the true discount on a sum is $150 and the time is 4 years at a rate of 5% pe

Practice Questions

Q1
If the true discount on a sum is $150 and the time is 4 years at a rate of 5% per annum, what is the sum?
  1. $1200
  2. $1300
  3. $1400
  4. $1500

Questions & Step-by-Step Solutions

If the true discount on a sum is $150 and the time is 4 years at a rate of 5% per annum, what is the sum?
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