A bank’s discount rate is 12%. You need to pay the bank R5 000 in six months’ ti...
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A bank’s discount rate is 12%. You need to pay the bank R5 000 in six months’ time. Calculate the amount of money that you will receive from the bank now.
[Answer format: Rd ddd,dd (R: rand; d: digit)]
[Example of an answer in the correct format: R1 234,56]
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