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What is the Banker's Discount on a loan of $10000 for 2 years at 5% per annum?

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Q1

What is the Banker's Discount on a loan of $10000 for 2 years at 5% per annum?

$1000
$500
$2000
$300

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What is the Banker's Discount on a loan of $10000 for 2 years at 5% per annum?

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