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

Explain why multicellular organisms require a ventilation system?? include reasons on surface area to volume ratio cells depp within the body and number of
The value of the metal in 2p coins, made in 1991 is now worth 3.3p. Suggest why a 2p coin made in 1991 is now worth 3.3p
The value of the metal in 2p coins, made in 1991 is now worth 3.3p. Suggest why a 2p coin made in 1991 is now worth 3.3p
What is a judgement based on observation and experiments called?
Can some one please help me with this.?
What were the two primary drawbacks to the American Industrial Revolution?
Wen Ti, an emperor of the _______ dynasty, looked to the Han dynasty for methods of control and order. Sui Tang Song Yuan
What is bigger 3/6 or 4 /10
What is bigger 3/6 or 4 /10
The internal combustion engine was an innovation of A. Guglielmo Marconi B. Thomas Edison C. Alexander Graham Bell D. Jean Lenoir E. Gustav Eiffel