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Bank of London offers a 2 7 2 - day discounted loan at a simple discounted rate of 4 . 5 % p . a
Bank of London offers a day discounted loan at a simple discounted rate of
pa
a How much money would Elizabeth receive if she asked for a $ loan?
b What size loan should Elizabeth ask for in order to actually receive $
c What is the equivalent simple interest rate that is being charged on the
loan?
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