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If the present value of a sum is $4500 and the bankers discount is $500, what is the principal?

Practice Questions

1 question
Q1
If the present value of a sum is $4500 and the bankers discount is $500, what is the principal?
  1. $5000
  2. $5500
  3. $6000
  4. $6500

Questions & Step-by-step Solutions

1 item
Q
Q: If the present value of a sum is $4500 and the bankers discount is $500, what is the principal?
Solution: Principal = Present Value + Bankers Discount = 4500 + 500 = $5000.
Steps: 5

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