QUESTION 6 If I have a simple discount note for 75 days (ordinary interest), a discount of $150, and have proceeds of $11,850, what is the discount rate? 125% 6% 62% 127%

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 22E
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QUESTION 6
If I have a simple discount note for 75 days (ordinary interest), a discount of $150, and have proceeds of $11,850, what is the discount rate?
1.25%
Ⓒ6%
Ⓒ6.2%
1.27%
Transcribed Image Text:4 QUESTION 6 If I have a simple discount note for 75 days (ordinary interest), a discount of $150, and have proceeds of $11,850, what is the discount rate? 1.25% Ⓒ6% Ⓒ6.2% 1.27%
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