Find out the loan discount


In order to fix basement of your home that was damaged through a flood, you borrow $1500 on an 8.5% discounted loan rate for the period of four months.

• Find out the loan's discount?

• Determine the net amount of money you receive.

• What is the loan's actual interest rate?

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Basic Statistics: Find out the loan discount
Reference No:- TGS0847669

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