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on may 12, Scott accepted an $8000, 12%, 90 day note for a time extension of a bill for goods bought by ron. On june 12, scott...Asked by Anonymous
On May 12, Scott Rinse accepted an 8000.00, 12%, 90-day note for a time extension of a bill for goods bought by Ron Prentice. On June 12, Scott discounted the note at Able Bank at 10% What proceeds does Scott receive?
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Answered by
natasha
simple interest 2430 times 0.06 times 1/12
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