algebra
Mel Sturbridge needs $24,700 to remodel his home. Find the face value of a simple discount note that will provide the $24,700 in proceeds if he plans to repay the note in 180 days and the bank charges an 8% discount rate.
algebra
Stephanie Venze signed a simple discount note for $3400 for 120 days at a rate of 12%. Find (a) the proceeds and (b) the effective interest rate based on the proceeds received by Venze.
algebra
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.
algebra
A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale.
algebra
A $15,000 T-bill is purchased at a 3.85% discount rate for 16 weeks. Find (a) the purchase price of the T-bill, (b) the maturity value, (c) the interest earned, (d) the effective rate of interest to the nearest hundredth of a percent.
algebra
The following note was discounted at 16%. Find (a) the discount period, (b) the discount, and (c) the proceeds. Date loan was made: March 15 Face Value: $6000 Length of Loan: 75 days Rate: 6% Date of Discount: April 5
algebra
A local bank lends $12,000 using a 150-day 9% simple interest note that was signed on May 18. The bank later sells the note at a discount of 14% on July 5. Find (a) the discount, (b) the proceeds, and (c) the amount of money the bank gains or loses.
Algebra
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math
A Dolphin is 30 feet below the surface of the water. She rised 23 feet, sinks 17 feet, and finally rises another 27 feet. If there are no other changes, the dolphin is
math
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