SOLUTION: Jake borrowed $2000 from a bank for 9 months. The bank discounted the loan at 3.4% What is the loan's discount? What is the net amount of money Jake receives? What is the loan's ac

Question 1181270: Jake borrowed $2000 from a bank for 9 months. The bank discounted the loan at 3.4% What is the loan's discount? What is the net amount of money Jake receives? What is the loan's actual rate of interest? (To the nearest hundredth of a percent)
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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