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OpenStudy (anonymous):
anyone know how to figure this out >?? Ryan discounts an 80-day note for $15,000 at 12 percent. The bank discount is: (Assume ordinary interest)
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OpenStudy (anonymous):
do you know the formulae in finding the P? hint: one is continuous.
OpenStudy (anonymous):
no idea
OpenStudy (anonymous):
have you seen this equation before? \[P=[1+(r/n)]^{nt}\] check pages: 221-222
OpenStudy (anonymous):
and also, keep in mind that many appreciation and depreciation word problems are solved in the format \[y=mx+b\]
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