(a) If you were lent 12,000 for 56 days at 9 per cent, how much interest would...

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(a) If you were lent £12,000 for 56 days at 9 per cent, how much interest would you pay?

(b) If a debt factor offered to discount a £6,000 bill of exchange at 15 per cent, and if the bill had an outstanding period of 80 days, how much would the debt factor pay for the bill?

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Business Accounting

ISBN: 9780273619826

7th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: May 29, 2024 01:02 AM

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(a) If you were lent 12,000 for 56 days at 9 per cent, how much interest would...

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Business Accounting

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