A man has a simple discount note for 6000 at an ordinary
Question - A man has a simple discount note for $ 6,000 at an ordinary bank discount rate of 8.84 % for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent.
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question - a man has a simple discount note for 6000 at an ordinary bank discount rate of 884 for 60 days what is the
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