Compute Bank Discount Using (A) Ordinary Interest, (B) Proceeds, and (C)

question 37

Essay

Compute bank discount using (A) ordinary interest, (B) proceeds, and (C) effective interest rate to the nearest hundredth. Do not round denominator in your calculation.

A. $385;
B. $8,615;
C. 14.63%

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A mathematical object used to count, measure, and label; the basic component of mathematics.

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