Answered step by step
Verified Expert Solution
Question
1 Approved Answer
. A man has a simple discount note for $0,100, at an ordinary bark discount rate of 872%, for 40 days. What is the efective
. A man has a simple discount note for $0,100, at an ordinary bark discount rate of 872%, for 40 days. What is the efective interest rate? Round to the nearest tenth of a percent (Use the Dunker's r...
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