Jill Corporation accepted a $16,000 note on Aug. 12. Terms of the note were 13 percent of 100 days. Jill discounted the note on September 28 at the Reno Bank at 14 percent. The proceeds to Jill would be

Question

anonymous · Answer

a. $341.69
b. $16,236.09
c. $303.00
d. $16,277.78
Pick one ;D

anonymous · Answer

loll

anonymous · Answer

I'll help ya :)
okay so there's 31 days in August so it took 47 days
you put of instead of "off" and totally messed my brain up
so you have 53 days extra
1600/13=123.07
but bc she had 14% int she only got 114.28


a difference of 8.79

anonymous · Answer

give me the medal tho I uhh lead her to the answer ;D

anonymous · Answer

none of your answers were right...

anonymous · Answer

thank u so much:D

anonymous · Answer

no problem! Did I explain it well ?

anonymous · Answer

yes:D i totally understand now

anonymous · Answer

yay :D

anonymous · Answer

wheres my medal D;