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Can you take a look at this one

  1. Sep 14, 2004 #1
    can you take a look at this one....

    7. John borrowed $1,000.00 discounted at 10% for six months.
    7a. How much did he receive when the loan was made?
    7b. What annual rate of interest is he paying for the money actually received?
     
  2. jcsd
  3. Sep 14, 2004 #2

    ahrkron

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    Staff Emeritus
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    To get help with homework, you need to show the work you have done, and specific questions.

    Also, please post this kind of questions in the "homework help" forum.
     
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