A debt that is due for repayment after (10) months from now. If the difference between the commercial discount and the correct discount is equal to ($ 20), calculate the nominal value if the annual interest rate used in the discount is (5%) annually? 10139 $ 12139 $ 11139 $ 13139 $ Abdul Rahman borrowed an amount of nominal an payable at is value ($2000) on 1/2/2020. It interest rate of 12% per annum, calculate 2020/1/9 the commercial discount? $152 139 $ 142$ 159 $

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
icon
Related questions
Question
A debt that is due for repayment after (10) months from now.
If the difference between the commercial discount and the
correct discount is equal to ($ 20), calculate the nominal
value if the annual interest rate used in the discount is
(5%) annually?
10139 $
12139 $
11139 $
13139 $
Abdul Rahman borrowed an amount of nominal
payable at
an
value ($2000) on 1/2/2020. It
interest rate of 12% per annum, calculate 2020/1/9
the commercial discount?
$152
139 $
142$
159 $
Transcribed Image Text:A debt that is due for repayment after (10) months from now. If the difference between the commercial discount and the correct discount is equal to ($ 20), calculate the nominal value if the annual interest rate used in the discount is (5%) annually? 10139 $ 12139 $ 11139 $ 13139 $ Abdul Rahman borrowed an amount of nominal payable at an value ($2000) on 1/2/2020. It interest rate of 12% per annum, calculate 2020/1/9 the commercial discount? $152 139 $ 142$ 159 $
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education