The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

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Answer 1

Question

Chapter 11.2, Problem 3AH

(a)

To determine

The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

(b)

To determine

The Bank discount if, Date of note is June 13, Principal of note is $9,055, Length of note is 112 days, Interest rate is 15%, Bank discount rate is 16% and Date of discount is August 11.

(c)

To determine

The Bank discount if, Date of note is March 20, Principal of note is $1065, Length of note is 75 days, Interest rate is 12%, Bank discount rate is 11.5% and Date of discount is May 24.

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Answer 2

Question

Chapter 11.2, Problem 3AH

(a)

To determine

The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

(b)

To determine

The Bank discount if, Date of note is June 13, Principal of note is $9,055, Length of note is 112 days, Interest rate is 15%, Bank discount rate is 16% and Date of discount is August 11.

(c)

To determine

The Bank discount if, Date of note is March 20, Principal of note is $1065, Length of note is 75 days, Interest rate is 12%, Bank discount rate is 11.5% and Date of discount is May 24.

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Answer 3

Question

Chapter 11.2, Problem 3AH

(a)

To determine

The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

(b)

To determine

The Bank discount if, Date of note is June 13, Principal of note is $9,055, Length of note is 112 days, Interest rate is 15%, Bank discount rate is 16% and Date of discount is August 11.

(c)

To determine

The Bank discount if, Date of note is March 20, Principal of note is $1065, Length of note is 75 days, Interest rate is 12%, Bank discount rate is 11.5% and Date of discount is May 24.

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Answer 4

Question

Chapter 11.2, Problem 3AH

(a)

To determine

The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

(b)

To determine

The Bank discount if, Date of note is June 13, Principal of note is $9,055, Length of note is 112 days, Interest rate is 15%, Bank discount rate is 16% and Date of discount is August 11.

(c)

To determine

The Bank discount if, Date of note is March 20, Principal of note is $1065, Length of note is 75 days, Interest rate is 12%, Bank discount rate is 11.5% and Date of discount is May 24.

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Answer 5

Chapter 11.2, Problem 3AH

(a)

To determine

The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

(b)

To determine

The Bank discount if, Date of note is June 13, Principal of note is $9,055, Length of note is 112 days, Interest rate is 15%, Bank discount rate is 16% and Date of discount is August 11.

(c)

To determine

The Bank discount if, Date of note is March 20, Principal of note is $1065, Length of note is 75 days, Interest rate is 12%, Bank discount rate is 11.5% and Date of discount is May 24.

Answer 6

Chapter 11.2, Problem 3AH

(a)

To determine

The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

Answer 7

Chapter 11.2, Problem 3AH

(a)

To determine

The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

Answer 8

(b)

To determine

The Bank discount if, Date of note is June 13, Principal of note is $9,055, Length of note is 112 days, Interest rate is 15%, Bank discount rate is 16% and Date of discount is August 11.

Answer 9

(b)

To determine

The Bank discount if, Date of note is June 13, Principal of note is $9,055, Length of note is 112 days, Interest rate is 15%, Bank discount rate is 16% and Date of discount is August 11.

Answer 10

(c)

To determine

The Bank discount if, Date of note is March 20, Principal of note is $1065, Length of note is 75 days, Interest rate is 12%, Bank discount rate is 11.5% and Date of discount is May 24.

Answer 11

(c)

To determine

The Bank discount if, Date of note is March 20, Principal of note is $1065, Length of note is 75 days, Interest rate is 12%, Bank discount rate is 11.5% and Date of discount is May 24.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 11.1 - Warren Ford borrowed $12,000 on a...Ch. 11.1 - Jane Long buys a $10,000, 13-week Treasury bill at...Ch. 11.1 - Warren Ford borrowed $14,000 on a...Ch. 11.1 - Prob. 2EPQ Ch. 11.1 - Prob. 1AH Ch. 11.1 - Prob. 2AH Ch. 11.1 - Prob. 3AH Ch. 11.1 - Prob. 4AH Ch. 11.1 - Prob. 5AH Ch. 11.1 - Prob. 6AH

The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

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The Bank discount if, Date of note is October 5, Principal of note is $2,475, Length of note is 88 days, Interest rate is 11%, Bank discount rate is 9.5% and Date of discount is December 10.

The Bank discount if, Date of note is June 13, Principal of note is $9,055, Length of note is 112 days, Interest rate is 15%, Bank discount rate is 16% and Date of discount is August 11.

The Bank discount if, Date of note is March 20, Principal of note is $1065, Length of note is 75 days, Interest rate is 12%, Bank discount rate is 11.5% and Date of discount is May 24.

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