promisory notes/bank discounts

patches04

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May 3, 2011
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Someone borrowed 22,000.00 @ 9% on july 22. On october 2 the company received a discount of 12%. What is the bank discount? And the process? Keep racking my brain to comprehend. Please help
 
I cannot understand the problem statement. Are you sure you copied it correctly and completely?
 
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