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Mitchell has been given the option of either paying his $600 bill now or settling...

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Mitchell has been given the option of either paying his $600 bill now or settling it for $612 after 1 month (30 days). If he chooses to pay after 1 month, find the simple interest rate at which he would be charged. %/year Need Help? Read It -/2 Points] DETAILS TANFIN 12 5.1.036 MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER David owns $30,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6 months at the rate of 3%/year (simple interest). How much Income will David receive from this investment every 6 months? $ How much interest will David receive over the life of the bonds? $

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