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Posted on May 02, 2023

Liana Ltd bought a bank bill on 7 January 2012 for $976 751 and sold it on 3 March 2012 for $987 618: a. What

Liana Ltd bought a bank bill on 7 January 2012 for $976 751 and sold it on 3 March 2012 for $987 618:

a. What simple interest rate (annual rate) did Liana Ltd earn?

b. What annual effective interest rate did Liana Ltd earn?

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