217k views
4 votes
.

Find the proceeds for the simple discount note.
Face value $4,530, discount rate 7.2%, time 125 days


$113.25

$111.70

$4,416.75

$4,418.30

1 Answer

2 votes
4530-(4530*0.072*125/360)
=4416.75
User Ilya Smagin
by
7.1k points