taylorrowland7 taylorrowland7

10-03-2020
Mathematics

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Bill Blue discounts a 90-day note for $20,000 at 4%. The bank discount is (assume ordinary interest):

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MathPhys MathPhys

20-03-2020

Answer:

$200

Step-by-step explanation:

Interest = principal × rate × term

Interest = 20,000 × 0.04 × 90/360

Interest = 200

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