Answer to Question #206127 in Financial Math for Youssif mhmoud

Question #206127

A man received a 9 months loan 5000$ from a bank of the proceed were 4500 what is discount rate

Expert's answer

Discount rate ="\\frac {Original amount - Actual amount} {Original amount}"

Discount Rate ="\\frac {5000-4500}{5000}\u00d7100 =10\\%"

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