(a) Find a5 at a rate of 61% p.a. (b) Find s if the effective rate of discount is 10% p.a.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
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Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 3MC: Which of the following numbers represents the discount percentage applied if a customer pays within...
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1. *
at a rate of 61% p.a.
(a) Find a5
(b) Find s if the effective rate of discount is 10% p.a.
Transcribed Image Text:1. * at a rate of 61% p.a. (a) Find a5 (b) Find s if the effective rate of discount is 10% p.a.
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