Ask Question
3 July, 11:08

What are the proceeds of a note for $5,500 at a discount rate of 8%, for 30 months?

+1
Answers (1)
  1. 3 July, 13:08
    0
    A = Prt

    here

    p = 5500

    r = 8% = 0.08

    t = 30 / 12

    Putting the values in the formula you will get

    a = (5500) x (0.08) x (30/12)

    a = 5500 x 0.2 = 1100

    Thus, the answer is 1100.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are the proceeds of a note for $5,500 at a discount rate of 8%, for 30 months? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers