Ask Question
9 May, 03:10

A note with a face value 4300 was discounted at 3%. if discount was 21 dollars. find the length of loan in days

+3
Answers (1)
  1. 9 May, 06:14
    0
    The annual discount is 3%, therefore the total discount for 1 year would be:

    4300 * 3 : 100 = 129$

    Now, you can set a proportion:

    discount : annual discount = loan days : days in one year

    21 : 129 = x : 360

    x = 21 * 360 / 129 = 58.6 days

    Hence, the loan duration was 60 days.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A note with a face value 4300 was discounted at 3%. if discount was 21 dollars. find the length of loan in days ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers