Solve the problem.The Gibralter Company loaned $7,843 for 60 days to the Hazen Company for the purchase of business supplies. The Gibralter Company sold the 7% simple interest note 44 days later at an 9% discount rate. Find the discount period and the discount.

A. Discount period: 16 days
Discount: $31.01
B. Discount period: 104 days
Discount: $206.30
C. Discount period: 16 days
Discount: $31.74
D. Discount period: 16 days
Discount: $31.30


Answer: C

Mathematics

You might also like to view...

Find the unit vector that has the same direction as the vector v.v = 12i + 5j

A. u = 156i + 65j
B. u = i + j
C. u = i + j
D. u = - i - j

Mathematics

Write out the first five terms of the sequence.{cn} = 

A. c1 = , c2 = - , c3 = , c4 = - , c5 = 
B. c1 = , c2 = - , c3 = , c4 = - , c5 = 
C. c1 = - , c2 = , c3 = - , c4 = , c5 = - 
D. c1 = - , c2 = , c3 = - , c4 = , c5 = - 

Mathematics

Find the LCM of the given numbers.60, 40, 70

A. 280 B. 120 C. 420 D. 840

Mathematics

Find the right- or left-hand limit or state that it does not exist.

A. 4 B. -1 C. 1 D. Does not exist

Mathematics