sheant2 sheant2
  • 02-12-2017
  • Mathematics
contestada

A $8920 note is signed for 160 days at a discount rate of 6.5% find the proceeds

Respuesta :

meerkat18
meerkat18 meerkat18
  • 14-12-2017
Since it's not mentioned in the problem, it can be safely assumed that the discount rate is 6.5% daily. For this problem, we use the formula:

F = P(1+rn)
where
r is the discount rate
n is the number of days
P is the original amount

F = $8920(1+0.065*160)
F = $101,688
Answer Link

Otras preguntas

In the call of the wild bucks saved Thornton life by
How do solve this -16.29 ÷ 3.62?
Fully simplify 6m+2-2m+3
Government types of the Soviet Union and Cuba
The ratio of boys to girls in a school iş 3: 2. If there are 600 boys in the school, find the number of girls. ​
Calculate the equivalent resistance of the following combination: 12.0Ω 4.0Ω 6.00
Mention 3 ways in which man-made damage to the lithosphere can be done and briefly explain how they can be prevented.
Determine the intercepts of the line. Don’t round answers. -6x+3y=-7
3. What is the "first second" in relation to the Big Bang theory? the formation of the Milky Way galaxy the beginning of the sun the moment the planets began th
A kayak is originally priced at $329.95. It is now 33% off. What is the price of the kayak now? Your answer 2 points