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The tag price of a certain commodity is payable in 100 days but if paid in 40days there will be a 2% discount.Find the annual rate of simple interest

Sustainable Energy

2nd Edition

ISBN:9781337551663

Author:DUNLAP, Richard A.

Publisher:DUNLAP, Richard A.

Chapter2: Past, Present, And Future World Energy Use

Section: Chapter Questions

Problem 11P

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The tag price of a certain commodity is payable in 100 days but if paid in 40days there will be a 2% discount.Find the annual rate of simple interest

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