Simple Interest
What was the simple interest rate? 11) Jose agrees to pay $2,000 in one year at an interest rate of 12%. The bank subtracts the discount of 12% of $2,000, and gives the rest to Jose. Find the amount of the discount and the proceeds to Jose. ... and writean equation for solution. 1) What monthly deposits made to an account paying 9% will grow to ... ................
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