sheant2 sheant2
  • 02-12-2017
  • Mathematics
contestada

A $8920 note is signed for 160 days at a discount rate of 6.5% find the proceeds

Respuesta :

meerkat18
meerkat18 meerkat18
  • 14-12-2017
Since it's not mentioned in the problem, it can be safely assumed that the discount rate is 6.5% daily. For this problem, we use the formula:

F = P(1+rn)
where
r is the discount rate
n is the number of days
P is the original amount

F = $8920(1+0.065*160)
F = $101,688
Answer Link

Otras preguntas

please help meee :((
which statement best describes Woodrow Wilson's attitude at the beginning of World War 1
Claire is figuring out the mass of some materials in her science experiment. Sample A has a mass of 8.993 grams and Sample B has a mass of 0.23 gram. The mass
What is the answer and plz explain it
An object has a kinetic energy of 810 J after falling a certain distance. If the mass of the object is 20kg, what is the speed of the object at this time? I nee
MATH HELP PLZ Simplify completely 4(3x²y∧4)³
Solve each system of equations by graphing Y=3x+4 and y=-x-4
One positive number is one-fifth of another number. The difference between the two numbers is 228, find the numbers
John writes a computer program that produces at random one of these digits:0, 1, 2, 3, 4, 5, 6, 7, 8, 9. what is the probability that the program produces a mul
Which country borders Venezuela to the south?