A bank s discount rate is 1 2 % . You need to pay the bank R

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Question:

A bank

s discount rate is

12 % .

You need to pay the bank R

5 000

in six months time. The amount of money that you will now receive from the bank equals

.

4 700, 00 .

.

4 716, 98 .

.

4 724, 56 .

.

5 300, 00 .

Posted Date: May 18, 2024 10:12 PM

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A bank s discount rate is 1 2 % . You need to pay the bank R

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