Question #299509

Patric borrows money from Zanele at a simple discount rate of 9,75% per annum. He must pay him R35 000 in 27 months' time. The amount of money that he receives from Zanele now is


Expert's answer


Hence, the amount of money that he receives from Zanele now is R 28,703.23.


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Canada #340153 on Dec 2023