Find the Discount and Proceeds on the Simple Discount Note

question 12

Multiple Choice

Find the discount and proceeds on the simple discount note.
-Face value: $47,300.00 Discount rate: 9.75%
Time (days) : 100

• A)Discount: $4,611.75
• Proceeds: $42,688.25
• B)Discount: $1,281.04
• Proceeds: $46,018.96
• C)Discount: $1,263.49
• Proceeds: $46,036.51
• D)Discount: $0.00
• Proceeds: $47,300.00

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Definitions:

Secondary Data

Refers to information that has been collected previously by someone else for a different purpose, which can be used for a new research study or analysis without conducting new observations or experiments.

Marketing Research

Marketing Research involves gathering, analyzing, and interpreting information about a market, including potential and existing customers, competitors, and the overall industry landscape, to inform business strategies.

Secondary Data

Information that has been collected previously by someone else for a different purpose but is being utilized for a new research study or analysis.

Preliminary Data

Initial, often incomplete datasets gathered in the early stages of a research project, used for forming hypotheses or guiding further investigation.