Given:
<span>Face value $4,530,
discount rate 7.2%,
time 125 days
Discount on Simple Discount note:
Discount = Maturity Value * discount rate * term
Discount = 4,530 * 0.072 * 125/360
Discount = 113.25
Proceeds for the simple discount note
Proceeds = Maturity Value - Discount
Proceeds = 4,530 - 113.25
Proceeds = 4,416.75
The proceeds for the simple discount note is $4,416.75</span>
Answer:
You need a minimum of 121 pieces.
Step-by-step explanation:
3388/28 = 121
Answer:
decrease of 38% (to nearest percent)
Step-by-step explanation:
Percent change = [ (difference between final and initial value) ÷ initial value] x 100
⇒ percent change = [(2100 - 1300) ÷ 2100] × 100 = 38% (to nearest percent)