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6. Nally received a 120-day promissory note for RM20,000 which matures on 2nd August 2008 with a simple interest rate of 5% per annum. She

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6. Nally received a 120-day promissory note for RM20,000 which matures on 2nd August 2008 with a simple interest rate of 5% per annum. She later discounted the note 60 days before the maturity date and obtained RM20,138.24. Find (a) the date of the note (b) the maturity value (c) the bank discount (d) the bank discount rate

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