Compute bank discount using (A) ordinary interest, (B) proceeds, and (C) effective interest rate to the nearest hundredth. Do not round denominator in your calculation.Face ValueDiscount RateTime in Days$9,00014%110
What will be an ideal response?
A. $385; B. $8,615; C. 14.63%
A. 9,000 × .14 × 110/360 = $385; B. 9,000 - 385 = $8,615; C. 385 / (8,615 × 110/360) = 14.63%.
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a. partner relationship management system b. performance and activity reports c. expense-to-revenue ratios d. turns x earns
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