Solve the problem. Round rates to the nearest tenth of a percent as necessary, amounts to the nearest dollar, and time to the nearest day.Leon Harding receives proceeds of $5223 after signing a 60-day note for $5300. Find the discount rate.
A. 8.7%
B. 6.7%
C. 9.7%
D. 10.7%
Answer: A
Mathematics
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