The true discount on a bill of $ 5450 due in 9 months is $ 450. Find t – McqOptions

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1.	The true discount on a bill of $ 5450 due in 9 months is $ 450. Find the rate of interest.
A.	12%
B.	12.5%
C.	11.5%
D.	13.1%
Answer» B. 12.5%

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