Manja Enterprise received a 5-month promissory note valued at RM10000 with an interest rate of X%. The note matures on 6 October 2017 with a maturity value of RM 10237.50.On 11th August 2017 Manja Enterprise discounted the note at a bank at the rate of 7%. Find: a) the date of the note b) the interest rate X% c) the discount term d) the proceeds received

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2. Manja Enterprise received a 5-month promissory note valued at RM10000 with an interest rate of X%. The note matures on 6 October 2017 with a maturity value of RM 10237.50.On 11th August 2017 Manja Enterprise discounted the note at a bank at the rate of 7%. Find: a) the date of the note b) the interest rate X% c) the discount term d) the proceeds received
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