Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Emily receives R1 500,00 from the bank now that charge 10,5% simple
discount per annum. She has to pay back the bank as amount of
R1 893,75 in a few months' time. The number of months after which Emily
pays back the loan, rounded to one decimal place, is
O a. 23,8.
O b. 2,5.
C. 2,0.
O d. 30,0.
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