Mr Zondi takes out a loan with a face value of R3500

, a term of six months and a 14%

discount rate per year. What is the equivalent simple interest rate per year?

Select one:

a.

7,53%

b.

14,00%

c.

15,05%

d.

17,00%

asked by guest
on Oct 26, 2024 at 3:20 am



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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