Question: A 1 0 0 - day note for $ 9 0 bears interest at 5 . 5 % and is sold 2 4 days before

A 100-day note for $90 bears interest at 5.5% and is sold 24 days before the due date to a bank that discounts notes using a simple interest rate of 10%. What are the proceeds?
Answer: $
A 1 0 0 - day note for $ 9 0 bears interest at 5

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