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Mathematics, 18.10.2020 01:01 mauifrifer3986

A promissory note with face value $ 2000 is due in 175 days and bears 7% simple interest. After 60 days it is sold for $ 2030. What simple dis-count rate can the purchaser expect to earn?

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A promissory note with face value $ 2000 is due in 175 days and bears 7% simple interest. After 60 d...

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