(a) If you were lent 20,000 for 86 days at 5%, how much interest would you pay?...

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(a) If you were lent £20,000 for 86 days at 5%, how much interest would you pay?
(b) If a debt factor offered to discount a £5,000 bill of exchange at 10%, and if the bill had an outstanding period of 180 days, how much would the debt factor pay for the bill?

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