number 43.

Discount Note Julie borrowed $3650 from bier bank 8 months using a 7.6% discount note. h how much interest did Julie pay the bank for the use of money? In Exercises 43-52, a partial payment is made on the date(s) indicated. Use the United States rule to determine the balance due on the note at the date of maturity. The Effective Date is the date the note was written. Assume the year is not a leap year. Where appropriate, round interest calculations to the nearest cent. Pro how much did she receive from the bank? That was the actual rate of interest she paid? 43. Discount Note Kwame borrowed $2500 for enths from a bank using a 3% discount note. ciput Rate $24002 $7200 5% $2400 5.5% $8500 11.5% $9000 6% S1000 12.5% $1800 15% Ffree- tive Date Apr. Jan. 7 Feb. 1 Sep. 1 July 15 Jan. 1 Aug. 1 How much interest did Kwame pay the bank for the use its money? Partial Paymentis) Maturity Amount Dates) Date S1200 May 1 July 30 $2500 Apr. 10 Aug. 31 S1000 May ! Aug. 31 $4250 Oct. 31 Dec. 31 $4000 Dec. 27 Feb $300 Jan. 15 Feb 15 $500 Sept. Nov. 1 $500 Oct. 1 $800 Nov. 15 Jan. 1 $800 Dec. 15 S2000 Aug. 1 Dec. 1 54000 Nov 15 48. How much did he receive from the bank? hat was the actual rate of interest he paid? 50. $5000 14% Oct. 15 ning a Bicycle Elisa needs money to repair her home onditioner, so she pawns her bicycle. The pawnbroker Elisa $270. Seven days later, Elisa gets her bicycle by paying the pawnbroker $280.50. What annual 51. $11,600 6% Mar. I Discount Note Julie borrowed $3650 from bier bank 8 months using a 7.6% discount note. h how much interest did Julie pay the bank for the use of money? In Exercises 43-52, a partial payment is made on the date(s) indicated. Use the United States rule to determine the balance due on the note at the date of maturity. The Effective Date is the date the note was written. Assume the year is not a leap year. Where appropriate, round interest calculations to the nearest cent. Pro how much did she receive from the bank? That was the actual rate of interest she paid? 43. Discount Note Kwame borrowed $2500 for enths from a bank using a 3% discount note. ciput Rate $24002 $7200 5% $2400 5.5% $8500 11.5% $9000 6% S1000 12.5% $1800 15% Ffree- tive Date Apr. Jan. 7 Feb. 1 Sep. 1 July 15 Jan. 1 Aug. 1 How much interest did Kwame pay the bank for the use its money? Partial Paymentis) Maturity Amount Dates) Date S1200 May 1 July 30 $2500 Apr. 10 Aug. 31 S1000 May ! Aug. 31 $4250 Oct. 31 Dec. 31 $4000 Dec. 27 Feb $300 Jan. 15 Feb 15 $500 Sept. Nov. 1 $500 Oct. 1 $800 Nov. 15 Jan. 1 $800 Dec. 15 S2000 Aug. 1 Dec. 1 54000 Nov 15 48. How much did he receive from the bank? hat was the actual rate of interest he paid? 50. $5000 14% Oct. 15 ning a Bicycle Elisa needs money to repair her home onditioner, so she pawns her bicycle. The pawnbroker Elisa $270. Seven days later, Elisa gets her bicycle by paying the pawnbroker $280.50. What annual 51. $11,600 6% Mar