BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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Hisham received a 130-day promissory note with maturity date 12 July 2018 at 6.5% simple interest. 34 days before the maturity date, Hisham discounted the note at a bank at 5.2% discount rate and received a bank discount of Rm 42.50. Find the face value.
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RM 8, 611.35
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RM 8, 455.38
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RM 8, 653.85
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RM 8, 458.04
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Explanation:
There is 1 question to complete.