Asked by TheRealPrincess
The proceeds of a $9,500.00, 10 percent simple discounted note for 95 days is?
Answers
Answered by
Henry
P = Po - Po*r*t.
P = 9500-9500*(0.10/365)*95 = $9252.74. = Proceeds.
P = 9500-9500*(0.10/365)*95 = $9252.74. = Proceeds.
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