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A bill for a cellphone specifies the cost as P 25,400 due at the end of 100 days but offers a 4% discount for cash
A bill for a cellphone specifies the cost as P 25,400 due at the end of 100 days but offers a 4% discount for cash in 24 days. What is the highest simple interest rate at which the buyer can afford to borrow money in order to take advantage of the discount?
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