O n   May 11, 1993,  a   n o t e   d u e  on January 10, 1994  w a s   d i s c o u n t e d   at 12.12%  s i m p l e   d i s c o u n t .    F i n d   t h e   e x a c t   s i m p l e   i n t e r e s t   r a t e  of 10.75%  f o r   one year and 3 months?  W h a t   i s   t h e   e x a c t   d i s c o u n t   r a t e ?   Given: Required: Solution:

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Q: this e gilhiPment

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Q: The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.) Multiple Choice O O…

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Q: Supply the missing items of the following simple interest table.

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