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

You might also like to view...

Provide an appropriate response.If 60% of the 450 students at Central 9th Grade Center purchased spring photographs, how many students did not purchase the photographs? The percentage is the unknown value.

A. True B. False

Mathematics

Solve the problem.A political poll has a built in error tolerance. A candidate receiving 35% support, according to the poll, could actually have 37% support and the poll would still be considered accurate. The error tolerance for the candidate with 35% support is 3%. An acceptable percentage p for the candidate must satisfy the inequality   ? 3. Solve the inequality and interpret the result.

A. {p}; Actual support for the candidate could vary between 35% and 38%.
B. {p};Actual support for the candidate could vary between -3% and 3%.
C. {p}; Actual support for the candidate could vary between  and 38%.
D. {p}; Actual support for the candidate will not vary because you cannot have negative percentages.

Mathematics

If possible, evaluate the expression by hand. If not, approximate the answer to the nearest hundredth.24011/4

A. 16,807 B. 7 C. 196 D. 28

Mathematics

Complete the graph by shading the correct region.x + y ? 3

A.

B.

C.

D.

Mathematics