Multiple Choice
Find the proceeds to the nearest cent when the following is discounted.
-Maturity value: $6,700 Discount period: 84 days
Discount rate: 11%
A) $6,528.03
B) $5,963.00
C) $6,530.39
D) $6,063.00
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q34: Find the rate. Round to the nearest
Q35: Find the proceeds to the nearest cent
Q36: Find principal to the nearest dollar, rate
Q37: Find the principal. Round to the nearest
Q38: Find the principal. Round to the nearest
Q40: Solve the problem.<br>-On June 7, Donaldson's Trucking
Q41: The simple interest note was discounted at
Q42: Find the discount and proceeds on the
Q43: Find the exact number of days from
Q44: Find the ordinary interest to the nearest