Problema Solution
Zeny santos receives a note for 58500, which is to be repaid at the end of 90days with interest at 8 1/2%. she discounts it immediately at a bank which charges 9% discount. how much does she receive?
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Zeny santos receives a note for 58500, which is to be repaid at the end of 90days with interest at 8 1/2%. she discounts it immediately at a bank which charges 9% discount. how much does she receive?
Answer:
how much does she receive= (9-8.5)x58500/100=292.5