Do my question in 45 minutes otherwise I will give you downvote Accounting9 TUTORIAL PROANSSCRY NOTES AND BANK DISCOUNTpaf Adobe Acrobat Rerder DC (64-bitFile Ee VieSign Windo HelpTUTORIAL PROMIS100%October 2003On 15h March 2003, Marina received a 100-day promissory note with a simple interest rateof 10% per annum. On 11 May 2003, she discounted the note at a discount rate 9% andreceived proceeds of RM2897.68.Find a) the maturity date (23 June 2003) b) the maturity value (RM2929.17) c) the value olbank discount (RM31.49) d) the face value (RM2850) e) the simple interest rate that isequivalent to the discount rate (9.1%)April 2008

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On 15h March 2003, Marina received a 100-day promissory note with a simple interest rate of 10% per annum. On 11th May 2003, she discounted the note at a discount rate 9% and received proceeds of RM2897.68. Find a) the maturity date (23 June 2003) b) the maturity value (RM2929.17) c) the value of bank discount (RM31.49) d) the face value (RM2850) e) the simple interest rate that is equivalent to the discount rate (9.1%)

On 15h March 2003, Marina received a 100-day promissory note with a simple interest rate of 10% per annum. On 11th May 2003, she discounted the note at a discount rate 9% and received proceeds of RM2897.68. Find a) the maturity date (23 June 2003) b) the maturity value (RM2929.17) c) the value of bank discount (RM31.49) d) the face value (RM2850) e) the simple interest rate that is equivalent to the discount rate (9.1%)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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