Puleng receives R1500,00 from a bank now, that charges 10.5% simple discount per annum. She has to pay back an amount of R1893.75 in a few months time. The number of months after which Puleng pays back the loan, rounded to one decimal place is
(1) 2.5
(2) 23.8
(3) 2.0
(4) 30.0
No. of months = t = ?
So, option 4 is correct.
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