heyhi1234 heyhi1234

08-03-2018
Business

contestada

What is the effective rate of a $25,000 interest-bearing simple discount 10%, 90-day note?

Respuesta :

sqdancefan sqdancefan

10-03-2018

The effective interest rate on a discounted note is
.. 1/(1-r) = 1/0.9 ≈ 11.11%

_____
The amount and time have nothing to do with it for simple interest.

Answer Link

Otras preguntas

what is 7×8×6+7×7×9÷4+0×2-7×5+8=

10.) Write -1/6 , 5/3 , -5/6 in order from least to greatest

Hunters reduce surplus wildlife populations. Hunters play an additional role in wildlife management by:A. Establishing fees for hunting licensesB. Providing wil

2. A magazine reports that the average bowling score for league bowlers in the United States is 157 with a standard deviation of 12, and that the scores are app

I need help with this. My grade in math is an F so if you could help that would be great! It’s number 3,4,5, and 6

Can some one please answer this it is due tomorrow and I could use some help thanks!

When you’re reading, when reading strategy is thinking about what you what will happen next. What is this called? A applying your knowledge be applying analogie

A metorite found in the United States weighs 7/10 as much as one found in Mongolia. The meteorite found in Mongolia weighs 22 tons. How much does the one in the

When consumers share a strong need that cannot be satisfied by an existing product, it is called ________. A) negative demandB) latent demandC) declining demand

those who support regulation in the market argue that these laws ?