Homework Help: business Math

Posted by Anonymous on Sunday, October 30, 2011 at 5:21pm.

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?

business Math - natasha, Monday, October 31, 2011 at 7:41pm
simple interest 2430 times 0.06 times 1/12

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