Posted by **Aniya** on Thursday, September 6, 2012 at 9:58pm.

Which formula do I use for the following question: Sheila Spinney borrowed $32,500 at 7.5% simple interest for 180 days on January 7. The bank later sold the note at an 8% discount on March 2. Find the proceeds to the bank.

## Answer this Question

## Related Questions

- math/Finance - Sheila Spinney borrowed $32,500 at 7.5% simple interest for 180 ...
- algebra - Sheila Spinney borrowed $32,500 at 7.5% simple interest for 180 days ...
- math - Home health signed a 90,000 note at 11 1/2% simple interest for 180 days ...
- business Math - Carl Sonntag wanted to compare what proceeds he would receive ...
- algebra - A local bank lends $12,000 using a 150-day 9% simple interest note ...
- math - Use the ordinary interest method, 360 days, to solve the following word ...
- finance math - Schell Publishing received a $70,000 promissory note at 12% ...
- business Math - You were offered the opportunity to purchase either a simple ...
- math/Finance - I want to know the formula to use 1. A 120-day simple discount ...
- business math - Word Problem 11-17 Hafers, an electrical supply company, sold $3...

More Related Questions