If the true discount on a sum of money is $50 at 10% per annum for 2 years, what

Practice Questions

Q1
If the true discount on a sum of money is $50 at 10% per annum for 2 years, what is the present worth?
  1. $400
  2. $450
  3. $500
  4. $550

Questions & Step-by-Step Solutions

If the true discount on a sum of money is $50 at 10% per annum for 2 years, what is the present worth?
No concepts available.
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