Mathematics

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27 April, 23:42

Juan-Solez, a prominent painter, takes out a simple discount note for one year from River National Bank for $5,000. The annual rate of interest is 8%. What's the amount of the discount and the proceeds? A. $400; $4,600 B. $200; $2,600 C. $480; $4,800 D. $260; $4,600

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