What are the bank discount and the proceeds

Reference no: EM131287471

1. Find the proceeds from a loan of $2,300 for 2 years at a discount rate of 4.9%.

2. What will the proceeds be for a loan of $900 discounted by $75?

3. Discount $1,250 for 5 months at a simple interest of 9% and find the simple discount.

4. What are the bank discount and the proceeds if Gen settles her debt of $3,700 at the end of 90 days at a discount rate of 13%?

Reference no: EM131287471

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