Answered step by step
Verified Expert Solution
Question
1 Approved Answer
suzan borrows money from the bank at simple discount rate 16,5 % per year. she must pay the bank R30000 eight months from now. the
suzan borrows money from the bank at simple discount rate 16,5 % per year. she must pay the bank R30000 eight months from now. the amount of money she receives from the bank now is
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started