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What Simple Discount Rate D Is Equivalent Over a 200-Day

Question 114

Multiple Choice

What simple discount rate d is equivalent over a 200-day period to simple interest rate of 8% for the first 100 days and 10% thereafter,if interest from the first 100 days does not earn interest during the last 100 days?


A) 9.11%
B) 9.00%
C) 8.68%
D) 8.58%

Correct Answer:

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