Multiple Choice
Find the discount and proceeds on the simple discount note.
-Face value: $5,700.00 Discount rate: 11%
Time (days) : 30
A) Discount: $627.00
Proceeds: $5,073.00
B) Discount: $52.25
Proceeds: $5,647.75
C) Discount: $0.00
Proceeds: $5,700.00
D) Discount: $51.53
Proceeds: $5,648.47
Correct Answer:
Verified
Correct Answer:
Verified
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