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If the Banker's Discount on a sum of $2500 for 1 year at 6% is $150, what is the
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Q1
If the Banker's Discount on a sum of $2500 for 1 year at 6% is $150, what is the effective interest rate?
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If the Banker's Discount on a sum of $2500 for 1 year at 6% is $150, what is the effective interest rate?
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