document.write( "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) \n" ); document.write( "
Algebra.Com's Answer #811134 by ikleyn(52782)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Answering this question requires some special knowledge in Finance, at least at the level of knowledge the terminology.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "At this forum, we help Math students in their studies/problems in Math.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "At this forum, we do not consult in Finance, when and where special knowledge in Finance are required.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Have a nice day and do not post problems to this forum that are out of our scope and specialty.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |