Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. Saltanat borrowed 20000 soms at 18,6% discount, after 4 months she returned money. Find effective interest rate, knowing that a bank charges 250 soms
5. Saltanat borrowed 20000 soms at 18,6% discount, after 4 months she returned money. Find effective interest rate, knowing that a bank charges 250 soms for loan processing. (%)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started