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

For every bag of trail mix the local Scout Guide troop sells, they earn $0.45. a. Write an expression to represent this situation. b. Sarah sold 52 bags of tra
The ability to recognize reality and to cope with the demands of daily life is _____ health.
Identify the factual statement below a. buying a home is a very stressful experience b. Ben Bernanke became chairman of the federal reserve in 2006. c. Taxpayer
Which words in the sentence form the participial phrase? Young children participating in sports develop strong social skills. A. develop strong B. participating
What is honour rationing?
Why shouldn't the word about be divided by a hyphen? A. Do not divide a word after the first letter or before the last letter. B. Never divide a one-syllable wo
What is the source of the oxygen released into the air as a product of photosynthesis?
IF T(n) =+3 what is the third term?
The diameter of a small gear is 16 cm.This is 2.5 cm more than 1/4 of the diameter of a larger gear.What is the diameter of the larger gear?
What astronomical model from the Renaissance replaced the one expressed in the image above?