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Aidan received a 70-day promissory note with a simple interest rate at 4.0 % per...

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Algebra

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Aidan received a 70-day promissory note with a simple interest rate at 4.0 % per annum and a maturity value of RM17,670. After he kept the note for 40 days, he then sold it to a bank at a discount rate of 3%. Find the amount of proceeds received by Aidan.

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