Answer:
Outlier!! I know it sounds like a cat poster but it's true
Step-by-step explanation:
Ok I almost have the answer. Do you want me to explain how I did it?
Given:
Proceeds = $14,500
discount rate = 11%
term = 150 days
Simple discount note:
Discount = Maturity Value * discount rate * term
Proceeds from simple discount note:
proceeds = Maturity Value - discount
We will have to work back:
Discount = Maturity Value * 0.11 * 150/360
Discount = Maturity Value * 0.045833
Discount is 0.045833 of the Maturity Value. The proceeds is net of the Discount so we simple deduct 0.045833 from 1 to get the portion of the proceeds as compared to the Maturity Value.
14,500 / (1-0.045833) = 14,500 / 0.95416 = 15,196.61
My figure is nearest to choice A. $15,196.51
Answer:
Example 2 Evaluate 5x2 − 2( y + 1) + 9 when x = 2 and y = 1. 5x2 − 2( y + 1) + 9 = 5(2)2 ... In this lesson, you will. ○ use addition or subtraction to solve equations. ○ ... So, the value x = 4 is a solution of the equation x + 3 = 7.
Step-by-step explanation: