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Math Help - Simple Interest Question

  1. #1
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    Simple Interest Question

    Hello guys, I'm new here in this forum and very weak in math. I need some help with the following question.

    A cash discount of 2% is given if a bill is paid no later than 20 days before its due date. At what interest rate could you afford to borrow money to take advantage of this discount?

    Thanks,
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  2. #2
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    Sep 2011
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    Re: Simple Interest Question

    Sorry guys... It's a little misunderstanding. The book is so vague. It doesn't mention that this question is part of the previous question.
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  3. #3
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    Re: Simple Interest Question

    Quote Originally Posted by Nick810 View Post
    Sorry guys... It's a little misunderstanding. The book is so vague. It doesn't mention that this question is part of the previous question.
    So......?
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