Question: Matome borrows R 4 0 5 0 . 0 0 for eight months from a lender who charges a 1 1 % discount rate ;

Matome borrows R
4
0
5
0
.
0
0
for eight months from a lender who charges a
1
1
%
discount rate ;
a
)
How much money does Matome receive?
b
)
What size loan should Matome ask for in order to receive R
4
0
5
0
.
0
0
cash?

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