A man makes a simple discount note with a face value of $2,300, a term of 140 days, and a 9% discount rate. Find the discount. (use the banker’s rule.)

To find the discount using the banker's rule, you can use the formula:

Discount = Face Value * Discount Rate * Banker's Time

First, convert the term of 140 days into a fractional form of the year. Since a year consists of 365 days, the banker's time would be:

Banker's Time = Number of days / 365 = 140 / 365

Next, substitute the values into the formula:

Discount = $2,300 * 0.09 * (140 / 365)

Now, you can calculate the discount.

To find the discount using the banker's rule, we will use the formula:

Discount = Face Value * Discount Rate * Time / 360

Given:
Face Value (FV) = $2,300
Discount Rate (DR) = 9%
Time (T) = 140 days

Plug in the values into the formula:

Discount = $2,300 * 0.09 * 140 / 360

Calculating the discount:

Discount = $207

Therefore, the discount on the note is $207.