A person invests 9000 dollars in a bank. The bank pays 4.25% interest compounded daily. To the nearest tenth of a year, how long
1 answer:
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Answer:
28%
Step-by-step explanation:
-The price after the coupon discount is calculated as;
We reduce the discounted price by the service fee to determine the effective purchase price:
#Compare this final price to the original price:
Hence, the final price was 28% less than the original price.