Asked by mac
Jungle Warehouse signed a 9-month simple discount note with a face value of $5,600. Find the proceeds if the discount rate is 13%
Answers
Answered by
Sanjay
You multiply 3/4 by 5600 and .13
That will be the answer. It is a formula. If I remember it is I=prt. Time=9/12=3/4. r=rate=.13 and part=5600.
That is the answer
That will be the answer. It is a formula. If I remember it is I=prt. Time=9/12=3/4. r=rate=.13 and part=5600.
That is the answer
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