Flynn Dunn
05/15/2023 · Middle School
Zelda borrowed R5 760,00 from a bank for 21 months. For the discount loan she only received R4 752,00 . Determine: (i) the yearly discount rate, \( d \) (ii) the equivalent yearly simple interest rate, \( i \) Give the answers as percentages and round them to two decimal places.
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(i) The yearly discount rate \( d \) is approximately 9.98%.
(ii) The equivalent yearly simple interest rate \( i \) is approximately 12.10%.
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