A$15,000, 6 percent , 50-day note ,dated november 8, is discounted at 5 percent on november 28, the proceeds of the note would be?
a. $14,936,46
b. $ 15,610,64
c. $63,54
d. $15,061,98

D. $15061.98

Step-by-step explanation:

In order to calculate the proceeds we will using the following computation:

Principal + {Principal * Discounted rate * Frequency of a year on Maturity Date}

15,000 + {15,000 * 5% * (30/365)}

Hence, the proceeds of note would be $15,061.98

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

have a nice day!

answer: 100

step-by-step explanation: