Question
1.Joanne borrowed RM5000 for 180 days at a discount rateof 8 1/2 %.find the proceeds.
2.A businessman needs RM12000 for four months. What should be the size of the loan if his bank charges a discount rate of 9.5%.
2.A businessman needs RM12000 for four months. What should be the size of the loan if his bank charges a discount rate of 9.5%.