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Question 2 A bank's discount rate is 1 2 % . You need to pay the bank R 5 0 0 0 in six months'

Question

2

A bank's discount rate is

12 % .

You need to pay the bank R

5000

in six months' time. The amount of money that you will now receive from the bank equals

[

]

4700, 00 .

[

]

4716, 98 .

[

]

4724, 56 .

[

]

5 300, 00 .

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