Answer the question.What is a simple discount note? Explain in your own words by way of a specific example.
What will be an ideal response?
Answers will vary. Suppose you take out a simple discount note with a face value of $5000 for 40 days with a discount rate of 8%. You will receive $4955.56 now and will have to repay $5000 in 40 days.
Mathematics
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Decide whether the statement is true or false.If ?1 = ?2 and ?2 = ?3, then ?1 = ?3.
A. False B. True
Mathematics
Solve the problem.A stockbroker bought 50 shares of stock for $38.72 each. What was the total amount of the purchase?
A. $1935.90 B. $1936.10 C. $1936.11 D. $1936.00
Mathematics
Provide an appropriate response.Write the expression as a single logarithm: 5 logb (x - 3) - 6 logb x
A. logb (x6(x - 3)5)
B. logb (30x(x - 3))
C. logb 
D. logb 
Mathematics
Solve.7(x + 2) + 3 = 7x + 2
A. x = 7 B. No solution C. Infinite number of solutions D. x = 15
Mathematics