SOLUTION: Find the proceeds for the given amount repaid, time, and simple discount rate. $42,000, discount rate 12%, 6 months.

Algebra ->  Finance -> SOLUTION: Find the proceeds for the given amount repaid, time, and simple discount rate. $42,000, discount rate 12%, 6 months.       Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
I=prt
i=42000*12*1/2=2520