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If the Banker's Discount on a sum of $3000 for 5 years at 8% is $1200, what is t

Practice Questions

Q1
If the Banker's Discount on a sum of $3000 for 5 years at 8% is $1200, what is the actual amount received?
  1. $1800
  2. $2400
  3. $3000
  4. $1200

Questions & Step-by-Step Solutions

If the Banker's Discount on a sum of $3000 for 5 years at 8% is $1200, what is the actual amount received?
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