Question 1185382
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Find the exact simple interest rate of 10.75% for one year and 3 months? 
What is the exact discount rate?
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<pre>
One year and 3 months is  {{{5/4}}}  of a year.


Therefore, simple interest of 10.75% for one year and 3 months is equivalent to

    {{{(4/5)*0.1075}}} = 0.086 = 8.6% per year.    <U>ANSWER</U>
</pre>

First question is answered.


I do not understand the meaning of the second question - so, I leave it without my answer.