Ask a New Question

Asked by Deemesha

The effective rate of a 25,000 Non-interest-bearing simple discount 10% 90-day Note is

A) 10.26%
B)10.62%
c)10.8%
d)10%
7 years ago

Answers

Answered by Leo Galleguillos
Any idea how to get started on this?
7 years ago

Related Questions

Compute the effective rate of interest given the nominal rate of 7 3/8% compounded monthly what is the effective rate of $18,000 invested for one year at 8.0%,compounded semiannually? The effective rate of interest corresponding to a nominal rate 3%p.a payable half yearly is..? 9. FIND THE EFFECTIVE RATE THAT IS EQUIVALENT TO: i) 4 1/2 percent compounded semi annually ii... The effective rate of a $25,000 non-interest-bearing simple discount 10%, 90-day note is What is the effective rate of the interest rate of the interest when the rate is 6 percent compounde... What is the effective rate of 15% if it is compounded monthly If the effective rate is 12.68% per annum and the compounding occurs monthly, what is the nominal ra... If the effective rate is 12.68% per annum, find the nominal rate per annum if the compounding occurs... If the effective rate is 12.68% per annum and the compounding occurs monthly, what is the effective...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use