Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
b
2
M
2
V
2
f
2
c
2
c
2
K
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
teyodani teyodani
wrote...
Go to Answer
Posts: 163
Rep: 0 0
4 months ago
Solve the problem. Round rates to the nearest tenth of a percent, dollar amounts to the nearest cent, and time to the nearest day.

Sam Peters signs a $4,000 note. His bank charges a 11% discount rate. Find the effective rate charged by the bank if the note is for 6 months.

▸ 11.7%

▸ 11%

▸ 10.8%

▸ 11.6%
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
Read 58 times
1 Reply
Replies
Answer verified by a subject expert
Hello32hello3Hello32hello3
wrote...
#1
Posts: 153
Rep: 0 0
4 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

teyodani Author
wrote...

4 months ago
This site is awesome
homework1
wrote...

Yesterday
Thanks
ofsuahasiufhoas
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  487 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 201
  
 174
  
 286
Your Opinion
What's your favorite math subject?
Votes: 559
Previous poll results: Should Ph.D.'s be addressed as doctors?