SOLUTION: Find the proceeds for the given amount repaid, time, and simple discount rate.
$42,000, discount rate 12%, 6 months.
Algebra.Com
Question 252477: Find the proceeds for the given amount repaid, time, and simple discount rate.
$42,000, discount rate 12%, 6 months.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
I=prt
i=42000*12*1/2=2520
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