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$12$ points

$\frac{1}{17}$

Arnold Inc. issued an interest$-$bearing note dated June $10,2020$ with face value of $$7,215\mathrm{.}00$ at an interest rate of $5\mathrm{.}60\%$ for a term of $160$ days.

$($a$)$ What is the maturity value of the note? Answer: $ type your answer...

$($b$)$ After $50$ days from the issue of the note, Arnold Inc. sold the note to an investor at an agreed$-$upon interest rate of $6\mathrm{.}15\%,$ what was the selling price of the note? Answer: :

Use the simple interest system to solve the problem: $S=P(1+rt)$