On April 1, 2021, Mary Ann borrowed from Banco Silya, and the loan is payable after 1 year and 6 months. If the non-interest bearing note issued was discounted immediately by the bank at 10%, find the face value of the note proceeds received on discounting was P51,000.

Answer rating: 100% (QA)

To find the face value of the note we need to determine the amount that was disco... View the full answer