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The bank discounts an $8,750 simple discount note at 6% for 60 days. What is the discount amount? Multiple Choice $87.50 $78.50 $86.30 None of

The bank discounts an $8,750 simple discount note at 6% for 60 days. What is the discount amount? Multiple Choice $87.50 $78.50 $86.30 None of these $8.75

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