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.

  1. 👍 0
  2. 👎 0
  3. 👁 337
  1. Please post your ideas for your previous problems before you post any more problems.


    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    a man has a simple discount note for $6,400 at an ordinary bank discount rate of 8.53% for 40 days what is the effective interest rate

    asked by Anonymous on April 22, 2017
  2. English

    Can you check if these sentences are simple, fragment, compound, or complex?: "Since the movie would last two hours, after dropping off the kids, mother decided to go shopping." Complex? "Kelly read The Plague as her summer

    asked by Max on May 26, 2018
  3. English

    what is the theme of the poem two bodies ? Whats the theme of this poem? Two bodies face to face are at times two waves and night is an ocean Two bodies face to face are at time two stones and night a desert Two bodies face to

    asked by Sabrina on August 28, 2017
  4. math

    A man makes a simple discount note with a face value of $2,200, a term of 140 days, and a 9% discount rate. Find the discount.

    asked by A on May 16, 2015
  5. business Math

    Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $19,500 at 8% for 2 years. Use ordinary interest as needed. a. Calculate the simple

    asked by marie on April 7, 2014
  1. Math for Ms. Sue Or Steve

    Use an equation to solve the problem. 1. What is 57% of 11? a. 11 = 0.57 • n; 19.3 b. n = 57 • 11; 627 c. n = 0.57 • 11; 6.27*** d. 11 = 57 • n; 0.19 2. 224 is 25% of what number? a. 224 • 0.25 = w; 560 b. 224 = 0.25 •

    asked by Jman on November 14, 2012
  2. math

    Jungle Warehouse signed a 9-month simple discount note with a face value of $5,600. Find the proceeds if the discount rate is 13%

    asked by mac on April 8, 2017
  3. math

    Rodrigo and Mel are completing in a track meet. The table at the right shows the results of their events. Rodrigo claims his best jump was about 1 ft longer than Mel's best jump. Is he correct?

    asked by Jamie on December 6, 2014
  4. Grammar

    Last ones! Identify the simple subject and simple predicate in each. 1. After being examined and discharged, she went home. Answers: simple subject: she simple predicate: being examined (ask who was being examined to find the

    asked by Leslie on May 13, 2011
  5. Math

    Find the trade discount for an order of merchandise with a list price of $8,000 less trade discount rates of 30/20/15. (Find the single equivalent discount first.)

    asked by Joshua on September 24, 2019
  6. math

    Israel signed a simple discount promissory note for $15,000. The discount rate is 7.5%, and the term of the note is 120 days. What are Israel’s proceeds on the loan?

    asked by Angie on May 6, 2016

You can view more similar questions or ask a new question.