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A sum of money is invested at 10% per annum for 4 years. If the true discount is

Practice Questions

Q1
A sum of money is invested at 10% per annum for 4 years. If the true discount is $400, what is the sum?
  1. $4000
  2. $4400
  3. $4800
  4. $5200

Questions & Step-by-Step Solutions

A sum of money is invested at 10% per annum for 4 years. If the true discount is $400, what is the sum?
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