Groucho lent Chico $293,547.17 for 257 days at 13.29% simple inetrest rate. Then 118 days before the note matured, he sold the note to Karl at 11>75 simple discount rate. What simple interest did Chico pay?
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Groucho lent Chico $293,547.17 for 257 days at 13.29% simple inetrest rate. Then 118 days before the note matured, he sold the note to Karl at 11>75 simple discount rate. What simple interest did Chico pay?
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