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Solve the Problem $8920\$ 8920 Note Is Signed, for 40 Days, at a Discount Rate

Question 131

Multiple Choice

Solve the problem.
-A $8920\$ 8920 note is signed, for 40 days, at a discount rate of 6.5%6.5 \% . Find the proceeds.


A) $8340.20\$ 8340.20
B) $8856.46\$ 8856.46
C) $8920.00\$ 8920.00
D) $8855.58\$ 8855.58

Correct Answer:

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