Answer the question.Explain how to find the effective interest rate for a simple discount note.

What will be an ideal response?


Answers will vary. One possible answer is: Use the formula R =  and enter the amount the borrower received as P.

Mathematics

You might also like to view...

Translate the phrase to an algebraic expression. Use n for the variable unless otherwise stated.p divided into negative seventeen

A. p ÷ (-p) B. p ÷ (-17) C. -17 - p D. -17 ÷ p

Mathematics

Solve.Wyatt wishes to pay off a car loan of $7756 in 28 months. How large will his monthly payment be?

A. $3324 B. $263 C. $277 D. $270

Mathematics

Use the appropriate formula to answer the question.What Celsius temperature is equivalent to a temperature of 86° Fahrenheit?

A. 186.8°C B. 65.6°C C. 30°C D. 15.8°C

Mathematics

Simplify the expression. ?

What will be an ideal response?

Mathematics