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rolpace88 rolpace88
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Posts: 3242
9 years ago
Satoru Shikasho has a simple discount note for $15,000 at an ordinary bank discount rate of 13.5%, for 140 days. What is the effective interest rate? Round to the nearest hundredth of a percent.
A) 8.31%
B) 5.54%
C) 18.75%
D) 14.25%
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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9 years ago
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rolpace88 Author
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9 years ago
Got my quiz back, you were right Slight Smile
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9 years ago
Great, please mark the topic solved!
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