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PLEASE SOLVE 18. A 167 day simple interest loan for $10,456 has a maturity value of $10,961. What is the simple interest rate and the

image text in transcribed PLEASE SOLVE

18. A 167 day simple interest loan for $10,456 has a maturity value of $10,961. What is the simple interest rate and the equivalent bank discount rate? Use Banker's Rule

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