A six-month note would mature on 15 December 2020 with a maturity value of RM3750. The

Question

note is discounted two months before the maturity date and proceeds received are
RM3718.75. Find:
i. The date of the note
ii. The discount date
iii. The bank discount amount that is charged
iv. The discount rate that is charged

Answer 1

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Answer 2

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