The proceeds of a $9,500.00, 10 percent simple discounted note for 95 days is?

value = $ 9500

Discount = 10 %

n = 95 days

SOLVING:

9500 × 10% = 950

950 ÷ (365 × 100) = 260.27

9500 - 260.27 = 9239.7 (answer)

Explanation:

Simple discounting is the procedure of finding the present value of a given amount which in this case is $9500 that is required on a future date and includes a simple interest is called discounting at simple interest.

Consequently, to discount a sum by the simple interest procedure is to find its present value.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.