Nancy loaned Lisa $12,700 for 200 days at a simple interest rate of 5.2%. Thirty days later, she sold the note to Lynn at a simple discount rate of 4¾%. Find the amount Lynn paid for the note.

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09-06-2024
Mathematics

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Nancy loaned Lisa $12,700 for 200 days at a simple interest rate of 5.2%. Thirty days later, she sold the note to Lynn at a simple discount rate of 4¾%. Find the amount Lynn paid for the note.

Sagot :

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Nancy loaned Lisa $12,700 for 200 days at a simple interest rate of 5.2%. Thirty days later, she sold the note to Lynn at a simple discount rate of 4¾%. Find the amount Lynn paid for the note.

Sagot :

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