Na’estse agrees to pay back $2,400 in one year at an interest rate of 7%. The bank subtracts the 7% discount from the $2,400, and gives the rest to Na’estse. Find the amount of the discount and the proceeds to Na’estse.
Discount = $
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Question 6 Part 1 of 2
Proceeds = $
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Question 6 Part 2 of 2
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Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity