silentADoll silentADoll

18-03-2017
Mathematics

Answered

Find the proceeds for the simple discount note.

Face value $15,000, discount rate 6.5%, time 70 days

$14,813.01

$186.99

$14,810.42

$189.58

Verified Answer :

Aliwohaish12 Aliwohaish12

18-03-2017

15000-(150000.06570/360)
=14810.42

Answer Link

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