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whitedreamerz whitedreamerz
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3 months ago
The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.

Loan made: Apr 15
Face value: $500
Length of loan: 150 days
Rate: 10%
Date of discount: June 15

▸ 89 days, $480.69

▸ 90 days, $507.81

▸ 90 days, $486.98

▸ 89 days, $501.52
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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itnow96itnow96
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