Discount

If someone gives you a discount on "X" at 5% for 60 days. Then the discounted amount is 80000. find the actual amount? Discounted Amount=80000
rate=5%
Period=60 days
Actual amount=?

Correct answer:

AM =  84210.53

Step-by-step explanation:

DA=80000 r=100%5%=11005=0.95  AM r=DA  AM=DA/r=80000/0.95=84210.53=8.4104



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