document.write( "Question 1185382: Find the exact simple interest rate of 10.75% for one year and 3 months? What is the exact discount rate? \n" ); document.write( "

Algebra.Com's Answer #849587 by ikleyn(52786) $\"\"$ $\"About$

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\n" ); document.write( "Find the exact simple interest rate of 10.75% for one year and 3 months?
\n" ); document.write( "What is the exact discount rate?
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document.write( "One year and 3 months is    of a year.\r\n" );
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document.write( "Therefore, simple interest of 10.75% for one year and 3 months is equivalent to\r\n" );
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document.write( "     = 0.086 = 8.6% per year.    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "First question is answered.\r
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\n" ); document.write( "\n" ); document.write( "I do not understand the meaning of the second question - so, I leave it without my answer.\r
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