Ask Question
22 July, 03:47

A plumbing contractor receives proceeds of $4,713.54 on a 12.5% simple discount note with a face value of $5,000. Find the time of the note in days. (Assume a 360-day year.) Do not round intermediate calculations!

+5
Answers (1)
  1. 22 July, 03:57
    0
    I = Prt

    t = I / (Pr)

    ... = (5000 - 4713.54) / (5000*0.125)

    ... = 165/360

    The time period of the note is 165 days.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A plumbing contractor receives proceeds of $4,713.54 on a 12.5% simple discount note with a face value of $5,000. Find the time of the note ...” 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