e) Mark signed a simple discount note for £3050 for 100 days at a rate of 9%. Find the effective interest rate based on the proceeds received by McClennan. (5 marks)
f) A local bank lends $5500 using a 120-day 10% simple terest note that was signed on March 6. The bank later sells the note at a discount of 12% on May 16. Find the proceeds. (10 marks)
g) Under what conditions does a conditional probability satisfy the following Pr(A/B) = Pr(A)? (5 marks) LUC