Asked by chun

A six-month note would mature on 15 December 2020 with a maturity value of RM3750. The
note is discounted two months before the maturity date and proceeds received are
RM3718.75. Find:
i. The date of the note
ii. The discount date
iii. The bank discount amount that is charged
iv. The discount rate that is charged
Answered by PsyDAG
We do not do your homework for you. Although it might take more effort to do the work on your own, you will profit more from your effort. We will be happy to evaluate your work though.

Answered by Sharnesh
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