Answer:
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Step-by-step explanation:
Given:
Face Value $15,000
Discount rate 6.5%
Term 70 days
Discount for a simple discount note:
Discount = Maturity Value * Discount Rate * Term of Note
Discount = 15,000 * 0.065 * 70/360
Discount = 189.58
Proceeds from Simple Discount note:
Proceeds = Maturity Value - Discount
Proceeds = 15,000 - 189.58
Proceeds = 14,810.42
The proceeds for the simple discount note is $14,810.42. Choice C.
Answer: your answer is B
Step-by-step explanation:
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There are 16 ounces in a pound.
16+16 = 32.
So 32 ounces is 2 pounds for a total $3.00.
Hope it helps!
