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The bank discounts in $8750 on interest bearing simple discount note at 6% for 60 days what is the discount amount? The bank discounts an

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The bank discounts in $8750 on interest bearing simple discount note at 6% for 60 days what is the discount amount?

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

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