Question

Carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both had the same terms: $19,500 at 8% for 2 years. use ordinary interest as needed.
a. calculate the simple interest note proceeds. simple interest note proceeds $


b. calculate the simple discount note proceeds. simple discount note proceeds

Answer 1

B.calculate the simple discount note proceeds. simple discount note proceeds