A man has a simple discount note at $6,200 at an ordinary discount bank rate of 8.48%

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A man has a simple discount note at $6,200 at an ordinary discount bank rate of 8.48% for 40 days; what is the effective interest rate

Posted Date: Jun 27, 2024 10:15 PM

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A man has a simple discount note at $6,200 at an ordinary discount bank rate of 8.48%

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