3 years ago

The bank discount of an $18,000 non-interest-bearing, simple discount, 8% 90-day note is

Mathematics

1 answer:

Lisa [10]3 years ago

6 0

Use the formula for simple interest.

I = Prt

Substitute the given values for the corresponding variables. Time is the fraction of a year that is considered to have 360 days.

I = $18,000×0.08×(90/360) = $360

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General Circle function: $(x-h)^2+(y-k)^2=r^2$ , where h is the x-coordinate of the center, k is the y-coordinate of the center, and r is the radius.

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