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A sum of money amounts to $8000 in 4 years at a rate of 8% per annum. What is th

Practice Questions

Q1
A sum of money amounts to $8000 in 4 years at a rate of 8% per annum. What is the true discount?
  1. $600
  2. $700
  3. $800
  4. $900

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A sum of money amounts to $8000 in 4 years at a rate of 8% per annum. What is the true discount?
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