The simple interest rate which is equal to a discount rate of 12% per year for a period of 18 months is[1] 10,34%.[2] 0,12%.[3] 12,00%.[4] 14,63%.[5] none of the above.

For such type of problem we assume that principal value is 100.

Answered: The simple interest rate which is equal…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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The simple interest rate which is equal to a discount rate of 12% per year for a period of 18 months is [1] 10,34%. [2] 0,12%. [3] 12,00%. [4] 14,63%.