Mathematics
Mathematics, 24.11.2020 02:00, cadereymer24

Compute (A) bank discount, (B) proceeds for the following simple discount (use ordinary interest), and (C) the effective interest rate to nearest hundredth percent
Face Value = $12,000, Discount Rate = 10%. Time = 125 days
Bank discount
Simple discount
Interest rate

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Answers: 1

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Compute (A) bank discount, (B) proceeds for the following simple discount (use ordinary interest), a...

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