Answer:
what is the answer
please tell me and explain
The top of “^” needs a number to solve it.
Answer:
408,506
Step-by-step explanation:
Let
M---------------> money borrowed -------------> <span>$9,850
r--------------> </span>discounted rate--------> <span>9 ¼=9.25-------> 0.0925
t---------------> time--------> </span><span>9 months=9*30=270 days
D-------------> </span><span>amount of the discount
we know that
D=M*r*t/360=(9850)*(0.0925)*(270/360)=683.34
the answer is $683.34</span>
