Posted by **fizz** on Tuesday, May 13, 2014 at 8:13am.

A 7%,6O day note was discounted at 15 days before the maturity date. If the discount rate was 5.5% and the proceeds received were $ 997,77,find

a)the amount of discount that was charged

b)face vaalue

what is the formula

## Answer This Question

## Related Questions

- math - A 7%,6O day note was discounted at 15 days before the maturity date. If ...
- math(urgent) - A 7%,6O day note was discounted at 15 days before the maturity ...
- algebra - The following note was discounted at 16%. Find (a) the discount period...
- math - Use the ordinary interest method, 360 days, to solve the following word ...
- contemporary math - Varsity Press, a publisher of college textbooks, received a...
- math bus 105 - Calculate (a) interest and maturity value, (b) discount period, (...
- math - what is the discount period, bank discount, and proceeds on 25000.00 at 9...
- Discount Note - On September 5, Sheffield company discounted at sunshine bank a ...
- math/Finance - I want to know the formula to use 1. A 120-day simple discount ...
- math - 1. A 120-day simple discount promissory note for $12,000 with a simple ...

More Related Questions