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If the present worth of a sum is $600 and the true discount is $150 for 3 years,

Practice Questions

Q1
If the present worth of a sum is $600 and the true discount is $150 for 3 years, what is the rate of interest?
  1. 5%
  2. 6%
  3. 7%
  4. 8%

Questions & Step-by-Step Solutions

If the present worth of a sum is $600 and the true discount is $150 for 3 years, what is the rate of interest?
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