Question Solved1 Answer 1) Mike holds a P32,400 simple interest note at 12.5%, which is payable at the end of a year, from Carlo. If Mike decides to sell the note 5 months after the origin date, how much will he receive if the discount rate is 13.5%? 2) What are the proceeds of a P5,500 bank discount note that is payable at the end of 6 months, but discounted after 5 months, at a 15% discount interest rate?

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1) Mike holds a P32,400 simple interest note at 12.5%, which is payable at the end of a year, from Carlo. If Mike decides to sell the note 5 months after the origin date, how much will he receive if the discount rate is 13.5%?

2) What are the proceeds of a P5,500 bank discount note that is payable at the end of 6 months, but discounted after 5 months, at a 15% discount interest rate?

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Q)Ans:- NOTE:-Hello friend as per our chegg policy and it's guidlines we can solve only one question at this time, if you want solution of left question post again with specify question number which you want to ask definitely we help you thnks.   Step1)   Simple interest is calculated by multiplying principal and interest and time. Step2)   Calculation:- The final value of the n ... See the full answer