In November 2024
Answer to Question #328540 in Financial Math for Busi
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.
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