The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.Loan made: Oct 13Face value: $21,800Length of loan: 100 daysRate: 10%Date of discount: Jan 4
A. 18 days, $21,687.97
B. 17 days, $22,246.85
C. 17 days, $21,641.29
D. 18 days, $22,293.53
Answer: B
Mathematics
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