Answer to Question #328540 in Financial Math for Busi

Question #328540

Zelda borrowed R5 760,00 from a bank for 21 months. For the discount loan she only received R4 752,00.

Answer the following questions:

(i) Find the yearly discount rate, d.

(ii) Determine the equivalent yearly simple interest rate, i.

Give the answers as percentages and round them to two decimal places.

Expert's answer

Answer in progress...

Learn more about our help with Assignments: Math

Comments

No comments. Be the first!

Leave a comment

Related Questions

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…