Jay discounts a 100-day note for $25,000 at 13%. The effective rate of interest to the nearest
hundredth percent is _______ %.
A. 13.49
B. 13.48
C. 13.03
D. 13.02
my answer is B
hundredth percent is _______ %.
A. 13.49
B. 13.48
C. 13.03
D. 13.02
my answer is B