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)

Question

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)

anonymous · Answer

do you know the formulae in finding the P? 

hint: one is continuous.

anonymous · Answer

no idea

anonymous · Answer

have you seen this equation before? 
$$P=[1+(r/n)]^{nt}$$

check pages: 221-222

anonymous · Answer

anonymous · Answer

and also, keep in mind that many appreciation and depreciation word problems are solved in the format $$y=mx+b$$