genevieveroche1537 genevieveroche1537
  • 15-04-2024
  • Business
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Dallas Pierce wants to know what rate she is paying on her simple discount note. The maturity value was $8,857 with $84.70 interest for 78 days. What was her rate?
a) 4.75%
b) 5.50%
c) 6.25%
d) 7.00%

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