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Title: The simple interest note was discounted at 15%. Find the discount period in days and the ...
Post by: arunasingh5 on Jul 14, 2024
The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Jan 4
Face value: $3,200
Length of loan: 120 days
Rate: 11%
Date of discount: Mar 4

▸ 60 days, $3,256.51

▸ 61 days, $3,115.68

▸ 61 days, $3,233.01

▸ 61 days, $3,139.18


Title: Re: The simple interest note was discounted at 15%. Find the discount period in days and the ...
Post by: wellsar on Jul 14, 2024
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