Question: Fahrin received a 1 0 0 - day promissory note on 1 7 th june 2 0 0 8 with simple interest rate of 5

Fahrin received a 100-day promissory note on 17th june 2008 with simple interest rate of 5% per annum. AFter 4o days,he discounted the note at a discount rate of 3% and received proceeds of 12,188.75 find the face value and the amount of interest received by Fahrin.

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