Suppose I am due to receive a paycheck of $750 in twelve days. If a payday lender offers to give me cash today in exchange for my check when I receive it, and uses a 60% simple discount rate, how much would they be offering me?

Find the simple discount rate of a $10,000 T-bill, sold for $9,968.50 78 days prior to maturity.

Find the term of a discount loan, in days, assuming the maturity value is $4,750, the proceeds are $4,550.39, and the simple discount rate is 8.75%.