Nikos borrowed $6000 for 24 months from his bank using an discount note. (a) How much interest
Question:
Nikos borrowed $6000 for 24 months from his bank using an 
discount note.
(a) How much interest did Nikos pay the bank for the use of the money?
(b) How much did he receive from the bank?
(c) What was the actual rate of interest, to the nearest tenth of a percent?
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a i 6000011524120 138000 b Amo...View the full answer
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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