Multiple Choice
The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.
-Loan made: Oct 13
Face value: $52,000
Length of loan: 100 days
Rate: 11%
Date of discount: Jan 4
A) 17 days, $51,620.41
B) 18 days, $53,294.15
C) 18 days, $51,705.26
D) 17 days, $53,209.30
Correct Answer:
Verified
Correct Answer:
Verified
Q36: Find principal to the nearest dollar, rate
Q37: Find the principal. Round to the nearest
Q38: Find the principal. Round to the nearest
Q39: Find the proceeds to the nearest cent
Q40: Solve the problem.<br>-On June 7, Donaldson's Trucking
Q42: Find the discount and proceeds on the
Q43: Find the exact number of days from
Q44: Find the ordinary interest to the nearest
Q45: Find principal to the nearest dollar, rate
Q46: Find the ordinary interest to the nearest