Show solutions and formula used a) Mr Palo borrowed P73161 for 8 months from Mr Brosas who charged 81/8% simple discount. How much money did Mr Palo receive? In 2 decimal places, no need to add the unit
Show solutions and formula used a) Mr Palo borrowed P73161 for 8 months from Mr Brosas who charged 81/8% simple discount. How much money did Mr Palo receive? In 2 decimal places, no need to add the unit
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Show solutions and formula used
a) Mr Palo borrowed P73161 for 8 months from Mr Brosas who charged 81/8% simple discount. How much money did Mr Palo receive? In 2 decimal places, no need to add the unit
b) A lender charges a discount rate of 123/4% for discounting a note due in 9 months. What is the equivalent interest rate? In percent in 2 decimal places
c) What discount rate was charged if the discount for P13986 was P1865 at the end of 2 years and 7 months? IN percent, 2 decimal places
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,