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Q 1: A commercial paper was deducted at a discount rate of 10% annually for (120 days), so the correct discount amounted to (50) dinars.

Q 1: A commercial paper was deducted at a discount rate of 10% annually for (120 days), so the correct discount amounted to (50) dinars. Required: 1- Nominal value (4 marks) 2- Commercial discount. Q 2: An investment company deposited the following amounts in one Banks: Using the tiger and denominator method (4 marks) Amount Interest rate Deposit date Balance date 2000 10 % 3000 4000 1/2/2021 4/4/2021 6/8/2021 25/8/2021 Required: 1- Total balance with valid interest 2- Total balance with commercial interest

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