Need some help!

  • Thread starter wmosley
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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?
 
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Answers and Replies

  • #2
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I edited the problem, everything should read correctly now..
 

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