9.A 10%,100-day note was dated 20 september 1992.the maturity value of the note was $3083.33.If the note was discounted on 17 november 1992 at 12%,FIND
i) the maturity date of the note
= 29 december 1992
ii)the face value of the note
$3083.33 = (1+0.1(100/360)
= 1.0278
= 3083.33/1.0278
= 2.999.9
or
= (1-0.1(100/360)
= 0.9722
= 3083.33/0.9722
= 3171.49
but the answer is = 5100
actually i still confuse what actually formula to find face value.we need - or + ?