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Find the effective discount rate d9 if the rate of simple interest is 6.8%. (four decimals) Answer: The amount of interest earned on A for

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Find the effective discount rate d9 if the rate of simple interest is 6.8%. (four decimals) Answer: The amount of interest earned on A for one year is 199 , the amount of discount on A is 174 . Find A. (nearest cent)

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