What Is the Effective Interest Rate of a Simple Discount

question 141

Multiple Choice

What is the effective interest rate of a simple discount note for $3,500 at a bank discount rate of 11%, for 24 months? (Round to the nearest tenth percent)

• A) 11.0%
• B) 22.0%
• C) 28.2%
• D) 14.1%

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Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, resulting in disparities in power, opportunities, and status.

Homophobia

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Gender

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