Compute Bank Discount Using (A)ordinary Interest, (B)proceeds, and (C)effective Interest$$\begin{array} { | l | l | l | }
\hline \text { Face Value } & \text { Discount Rate } & \text { Time in Days } \
\hline \$ 12,000 & 13 \% & 120 \
\hline
\end{array}$$

Question

Compute Bank Discount Using (A)ordinary Interest, (B)proceeds, and (C)effective Interest$$\begin{array} { | l | l | l | } 
\hline \text { Face Value } & \text { Discount Rate } & \text { Time in Days } \
\hline \$ 12,000 & 13 \% & 120 \
\hline
\end{array}$$

Examlex · Accepted Answer

The Answer of Compute Bank Discount Using (A)ordinary Interest, (B)proceeds, and (C)effective Interest$$\begin{array} { | l | l | l | } 
\hline \text { Face Value } & \text { Discount Rate } & \text { Time in Days } \
\hline \$ 12,000 & 13 \% & 120 \
\hline
\end{array}$$

Compute Bank Discount Using (A)ordinary Interest, (B)proceeds, and (C)effective Interest

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