Register

Find the proceeds for the simple discount note. Face value $15,000, discount rate 6.5%, time 70 days $14,813.01 $186.99 $14,810.42 $189.58

Find the proceeds for the simple discount note. Face value $15,000, discount rate 6.5%, time 70 days $14,813.01 $186.99 $14,810.42 $189.58
142k views
1 vote
Find the proceeds for the simple discount note.

Face value $15,000, discount rate 6.5%, time 70 days


$14,813.01

$186.99

$14,810.42

$189.58

User Armstrongya
by
7.3k points

1 Answer

1 vote
15000-(15000*0.065*70/360)
=14810.42
User Andreas Jansson
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!