Mathematics, 19.03.2020 01:32 ashleyk1838

Simple Discount notes
face value $9,700 discount rate 9.5% 135 days find the discount and Find the proceeds
face value $15,600 discount 7.25% 270 days find the discount and Find the proceeds
Mel Sturbridge needs $24,700 to remodel his home.

Find the face value of a simple discount note that will provide the $24,700 in proceeds if he plans to repay the note in 180 days and the bank charges an 8% discount rate. Round to the nearest cent
Find the effective rate of interest (APR) for a loan with a loan amount of $3,264, a time of 120 days, and interest of $136. Round to the nearest tenth of a percent

please show the work for the problems above so I can finish the rest of the test myself.

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Simple Discount notes
face value $9,700 discount rate 9.5% 135 days find the discount and Find...

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