Question: 1 . Karim Darmati was looking at different simple discount notes available. He found a note that would cost him $ 1 6 5 in

1. Karim Darmati was looking at different simple discount notes available. He found a note that would cost him $165 in interest at 7.5% for 90 days. What was the face value?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!