Ask Question
15 May, 23:19

Mr. Robert signed a 120 day, 10% note with First Federal State Bank for $12,000 on August 5th. What will be the maturity date of the note? December 3rd December 4th November 30th December 2nd

+1
Answers (1)
  1. 16 May, 02:44
    0
    The maturity date of the note is: December 3rd.

    Step-by-step explanation:

    From August 5th to December 3rd there are exactly 120 days.

    From Augusth 5th to September 4th: 30 Days (This month has 31 days)

    From September 4th to October 4th: 30 Days

    From October 4th to November 3rd: 30 Days (This month has 31 days)

    From November 3rd to December 3rd: 30 Days

    Total: 120 days.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mr. Robert signed a 120 day, 10% note with First Federal State Bank for $12,000 on August 5th. What will be the maturity date 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