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4.1.1: Simple Interest and Discount (Exercises)
https://stats.libretexts.org/Sandboxes/JolieGreen/Finite_Mathematics_-_June_2022/04%3A_Mathematics_of_Finance/4.01%3A_Simple_Interest_and_Discount/4.1.01%3A_Simple_Interest_and_Discount_(Exercises)
13) An amount of $8,000 is borrowed at a discount rate of 12%, find the proceeds if the length of the loan is 7 months. 14) An amount of $4,000 is borrowed at a discount rate of 10%, find the proceeds...13) An amount of $8,000 is borrowed at a discount rate of 12%, find the proceeds if the length of the loan is 7 months. 14) An amount of $4,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the loan is 180 days. Mary decides to borrow the amount from her bank at a discount rate of 16%. If she borrows the money for 10 months, find the amount of the loan she should ask for so that her proceeds are $750?

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