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If a sum of $3000 is due in 6 years at a rate of 9% per annum, what is the true

Practice Questions

Q1
If a sum of $3000 is due in 6 years at a rate of 9% per annum, what is the true discount?
  1. $200
  2. $300
  3. $400
  4. $500

Questions & Step-by-Step Solutions

If a sum of $3000 is due in 6 years at a rate of 9% per annum, what is the true discount?
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