First, find the initial proceeds of the simple discount note. Then, find the discount period, the discount, and proceeds after discounting.Date Loan Was Made: Jan. 25Maturity Value: $10,000Length of Loan: 90 daysRate: 10%Date of Discount: Mar. 23Discount %: 10%
A. Initial Proceeds: $9,750.00;
Discount Period: 58 days;
Discount: $183.33;
Proceeds After Discount: $9,825.00
B. Initial Proceeds: $9,750.00;
Discount Period: 33 days;
Discount: $183.33;
Proceeds After Discount: $19,908.33
C. Initial Proceeds: $9,750.00;
Discount Period: 33 days;
Discount: $91.67;
Proceeds After Discount: $19,908.33
D. Initial Proceeds: $9,750.00;
Discount Period: 33 days;
Discount: $91.67;
Proceeds After Discount: $9,908.33
Answer: D
You might also like to view...
Find the area of the triangle using Heron's formula. Round your answer to two decimal places as needed.
A. 229.64 yd2 B. 45.93 yd2 C. 32.48 yd2 D. 162.38 yd2
Graph the circle.x2 + y2 = 25
A.
B.
C.
D.
Solve.x2 + x + 2 = 0
A. - ±
B. - ±
i
C. ±
i
D. ±
Graph the function on a grapher. Then use the grapher to find the x- and y-intercepts. Round to the nearest hundredth if necessary.f(x) = -7.42x2 + 3.72x - 9.72
A. No x-intercepts, (0, -9.72) B. (-9.72, 0), no y-intercepts C. (-0.92, 0), (0, -9.72) D. (-0.92, 0), (1.42, 0), (0, -9.72)