Homework Clinic

Mathematics Clinic => Grade 11 and 12 Mathematics => Topic started by: wenmo on Jun 6, 2019

Title: A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. The ...
Post by: wenmo on Jun 6, 2019

Question 1

Calculate the legal due date of a $10 000, 120-day note with interest at 4.56% dated March 31, 2012.
◦ August 2
◦ July 29
◦ July 28
◦ August 3
◦ August 1

Question 2

A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. The term is for 4 months. The rate of interest is 6.13%. What is the legal due date of the promissory note?
◦ Feb. 4
◦ Feb. 5
◦ Feb. 3
◦ Feb. 2
◦ Feb. 1

Title: A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. The ...
Post by: Dominic on Jun 6, 2019

Answer 1

August 1

Answer 2

Feb. 4

Title: Re: A promissory note has a face value of $1725 and it has a date of issue of October 1 this year. T
Post by: Lakber Mand on Mar 9, 2022

Thank You