[Solved] Siphesihle borrows money from the bank at

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Siphesihle borrows money from the bank at a discount rate of 16,5% per year. He must pay the bank R30 000 in eight months from

Siphesihle borrows money from the bank at a discount rate of 16,5% per year. He must pay the bank R30 000 in eight months from now. The amount of money he receives from the bank now is

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