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Question 6. (Marks 10) On 15 March 2018, Ali borrowsOMR6000 at 3% interest rate for four months from a lender who charges a discount

Question 6. (Marks 10) On 15 March 2018, Ali borrowsOMR6000 at 3% interest rate for four months from a lender who charges a discount rate of 10%. Find the bank discount if the note was discounted on 15 May 2018. Question 7. (Marks 10) The selling price of a car is OMR 12000. The manufacturer offers dealers a 5% trade discount. What are the trade discount amount and the net price?

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