Mackenzie borrowed 500 on a 3 9 discounted loan for a period of 20 months...
80.2K
Verified Solution
Link Copied!
Question
Algebra
Mackenzie borrowed 500 on a 3 9 discounted loan for a period of 20 months What is the loan s discount What is the net amount of money Mackenzie receives S What is the loan s actual rate of interest to the nearest hundredth of a percent
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
