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olga55 [171]
3 years ago
6

JAB Consulting received a promissory note of $13,500 at 7% simple interest for 15 months from one of its customers. After 6 mont

hs, Grove Isle Bank discounted the note at a discount rate of 6% Calculate the proceeds (in $) that JAB Consulting will receive from the discounted note. (Round your answer to the nearest cent.)
Mathematics
1 answer:
Tasya [4]3 years ago
7 0

Answer:

Amount = $14,024 (Approx)

Step-by-step explanation:

Given:

Amount received P = $13,500

Rate r = 7% = 0.07

Time t = 15 month = 15/12 = 1.25 = year

Discount rate = 6% = 0.06

Computation:

Maturity value = P[1+rt]

Maturity value = 13,500[1+(0.07)(1.25)]

Maturity value = $14,685.61

Time = 15 month - 6 month

Time = 9 month = 9/12 = 0.75 year

Amount = MV[1-dt]

Amount = 14,685.61[1-(0.75)(0.06)]

Amount = $14,024 (Approx)

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Answer:

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3 years ago
If f(x + 2) = 6x2 + 5x − 8. Find f(6).
Blababa [14]

Answer:

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Step-by-step explanation:

We can rewrite f(x+2) to make it easier to evaluate:

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ABCD is a rectangle. The measure of angle BCE is 4x-23 and the angle measure of angle DCE is 5+5x. Find the measure of angle BEC
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<h2>Explanation:</h2><h2></h2>

The diagram for this problem is shown below. Point E is the intersection of the two diagonals and we know that:

\angle BCE=\beta \\ \\ \angle DCE=\theta

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So:

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The sum of internal angles of any triangle add up to 180 degrees, so:

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