28% interest would be your answer, you just divide 560/2000=.28
Answer:
2x+y = 20
Step-by-step explanation:
The equation for a line is y = mx+b where m is the lope and b is the y intercept
y = -2x+b
substitute the point into x and y
8 = -2(6) +b
8 = -12+b
Add 12 to each side
20 =b
y = -2x+20
Add 2x to each side
2x+y = 20
Answer:
-23
Step-by-step explanation:
2x - 37 =
2(7) - 37 =
14 - 37 =
-23
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
