Answer:
Step-by-step explanation:
From coordinate geometry we know that, slope is ratio of vertical change rise and the horizontal change run.
Mathematically,
Putting the given values,
A. Using the Simple Discount Note formula:
Proceeds = Maturity Value (MV) - Discount; MV = Face Value
Discount = MdT; M = Maturity; d = discount; T = Time
= $12,300*12%*15/12
Discount = $1,845
Proceeds = MV - Discount
= $12,300 - $1,845
Proceeds = $10,455
B. Using the Simple Interest Note formula:
Effective Rate of Interest = Interest / Proceeds*Time
= $1,297.50 / $17,300*180/360
= .15
Effective Rate of Interest = .15 or 15%
C. False. Discount is the interest charged to the principal of the loan.
Answer:
9
Step-by-step explanation:
Answer:
y=-3x
Step-by-step explanation:
Answer:
AAA
Step-by-step explanation:
