What Simple Discount Rate D Is Equivalent Over a 200-Day

question 46

Multiple Choice

What simple discount rate d is equivalent over a 200-day period to simple interest rate of 8% for the first 100 days and 10% thereafter,if interest from the first 100 days does not earn interest during the last 100 days?

• A)9.11%
• B)9.00%
• C)8.68%
• D)8.58%

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Homogenizing

The process of making things uniform or similar by blending disparate elements.

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The process of learning and acquiring knowledge, skills, attitudes, and values through formal instruction or life experiences.

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The availability and provision of education to all individuals within a society, regardless of their background or socioeconomic status.

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