A $5,500,10% Note Dated May 20 for 78 Days Was

question 89

Multiple Choice

A $5,500,10% note dated May 20 for 78 days was discounted on June 23 at 12%.The amount of the discount (using a 360-day year) is:

• A)$119.16.
• B)$191.16
• C)$124.89.
• D)$82.41.

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Definitions:

Transcription

The process by which the genetic information encoded in DNA is copied into messenger RNA, leading to protein synthesis.

tRNA Triplet

A sequence of three nucleotides in transfer RNA that corresponds to a complementary codon in messenger RNA during protein synthesis.

mRNA

Messenger RNA, a type of RNA that conveys genetic information from DNA to the ribosome, where proteins are synthesized.

Codon

A sequence of three nucleotides in DNA or RNA that specifies the addition of a specific amino acid during protein synthesis.