The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.Loan made: Apr 18Face value: $400Length of loan: 150 daysRate: 11%Date of discount: June 18
A. 89 days, $384.49
B. 90 days, $406.83
C. 89 days, $402.82
D. 90 days, $388.50
Answer: C
Mathematics
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Mathematics