show the formula please and answer it asearly as possible 2. Dave signed a $7,85
ID: 2771009 • Letter: S
Question
show the formula please and answer it asearly as possible2. Dave signed a $7,855 note at a bank that charges a 14.2%discount rate. If the loan is for 190 days, find the effective rateof interest (to the nearest tenth percent). A) .15%
B) .14%
C) 14.2%
D) 15.4%
2. Dave signed a $7,855 note at a bank that charges a 14.2%discount rate. If the loan is for 190 days, find the effective rateof interest (to the nearest tenth percent). Dave signed a $7,855 note at a bank that charges a 14.2%discount rate. If the loan is for 190 days, find the effective rateof interest (to the nearest tenth percent).
Explanation / Answer
show the formula please and answer it asearly as possible 2. Dave signed a $7,85
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