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If the present worth of a sum is $800 and the true discount is $200 for 2 years,

Practice Questions

Q1
If the present worth of a sum is $800 and the true discount is $200 for 2 years, what is the rate of interest?
  1. 10%
  2. 12.5%
  3. 15%
  4. 20%

Questions & Step-by-Step Solutions

If the present worth of a sum is $800 and the true discount is $200 for 2 years, what is the rate of interest?
No concepts available.
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