Answer:
s = 89°
Step-by-step explanation:
Exterior angle theorem states that the measure of an exterior angle is equal to the sum of the measures of the two opposite interior angles of the triangle.
[tex] \therefore[/tex]
[tex] \rm \implies (v + 1) \degree + (v - 28) \degree = (v + 32) \degree \\ \\ \rm \implies 2v - 27 \degree = (v + 32) \degree \\ \\ \rm \implies 2v -v = 32 \degree + 27 \degree \\ \\ \rm \implies v = 59 \degree [/tex]
Sum of angles in a straight line is equal to 180°
[tex] \therefore[/tex]
[tex]\rm \implies v + 32 \degree + s = 180 \degree \\ \\ \rm \implies 59 \degree + 32 \degree + s = 180 \degree \\ \\ \rm \implies s + 91 \degree = 180 \degree \\ \\ \rm \implies s = 180 \degree - 91 \degree \\ \\ \rm \implies s = 89 \degree[/tex]
What is an equation of the line that passes through the points (4, -2)(4,−2) and (8, 3)(8,3)
The equation of line passing through points (4,−2) and (8, 3) is 4y - 5x + 28 = 0
What is the equation for a straight line?A straight line can be written in the form of equation as, y = mx + c.
Two straight lines intersect each other only at one point.
When two straight lines are parallel to each other the angle between them is zero.
Given pair of points are (4,−2) and (8, 3).
The equation of line passing through two points (x₁, y₁) and (x₂, y₂) is given as,
y = ((x - x₁) / (x₁ - x₂)) (y₁ - y₂) + y₁
Substitute the respective values to get the equation of line as,
y = ((x - 4 ) / (4 - 8)) (-2 - 3) + (-2)
y = ((x - 4 ) / 4) × 5 - 2
4(y + 2) = 5(x - 4)
4y - 5x + 28 = 0
Hence, the equation of line for the given points is 4y - 5x + 28 = 0.
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A candy company sells peanut brittle and almond bark. The information for both types of candy is shown.
graph labeled Peanut Brittle with x axis labeled weight in ounces and y axis labeled cost in dollars with a line from point 0 comma 0 going through 10 comma 10
Almond Bark
Weight (ounces) 4 12 16
Cost (dollars) 5 15 20
Determine how much more one candy costs per ounce than the other candy.
Almond bark costs $0.25 more per ounce than peanut brittle.
Peanut brittle costs $0.25 more per ounce than almond bark.
Almond bark costs $0.20 more per ounce than peanut brittle.
Peanut brittle costs $0.20 more per ounce than almond bark.
The correct option regarding the proportional relationships for the costs of the Peanut Brittle and for the Almond Bark are given as follows:
Almond bark costs $0.25 more per ounce than peanut brittle.
What is a proportional relationship?A proportional relationship is a special case of a linear function, with slope k and intercept 0, hence the output variable y is obtained with the multiplication of the input variable x and the slope k, as follows:
y = kx.
The Peanut Brittle graph goes through the point (10, 10), hence the constant, which is the price per candy, is obtained as follows:
10k = 10
k = 10/10
k = 1.
For Almond Bark, the price per candy is obtained as follows, from the table:
4k = 5
k = 5/4
k = 1.25.
Hence the difference of the prices is:
1.25 - 1 = $0.25.
Which means that the first option is correct.
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Answer:
Almond bark costs $0.25 more per ounce than peanut brittle.
Step-by-step explanation:
6 sqrt 44z + sqrt 99z
Answer: 15√11z
Step-by-step explanation:
3 times 4 times 4 times 3 times 3 times 4 = 3 (to the power of x) times 4 (to the power of y)
The value of 3 times 4 times 4 times 3 times 3 times 4 in exponent is 3³ × 4³
What is an exponent?An exponent is the number of times that a number is multiplied by itself. It should be noted that the power is an expression which shows the multiplication for the same number. For example, in 6⁴ , 4 is the exponent and 6⁴ is called 6 raise to the power of 4.
In this case, the expression given is 3 times 4 times 4 times 3 times 3 times 4. It should be noted that the 4 occurs three times as well as the 3.
Therefore, this will be 3³ × 4³.
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18
8. Carey bought a $2,100 computer system on the installment plan. He made a $400 down
payment, and he has to make monthly payments of $79.50 for the next two years. How much
interest will he pay?
Answer:
$208
Step-by-step explanation:
$79.50 x 24 = 1908
$1908 + 400 = 2308
$2100/2308 = 9%
Carey will pay a total interest of $1,508 over the course of the installment plan for the computer system.
What is Interest?Interest is a financial concept that represents the cost of borrowing money or the return on invested capital. It is a fee charged for the use of borrowed funds or the compensation received for lending money or investing in assets.
Total number of monthly payments
= 12 months/year x 2 years
= 24 months
and, Monthly payment amount = $79.50
Total amount paid in monthly installments
= Monthly payment amount x Total number of monthly payments
= $79.50 x 24
= $1,908
Next, we can subtract the initial down payment from the total amount paid to find the interest paid:
Total interest paid = Total amount paid - Down payment
= $1,908 - $400
= $1,508
Therefore, Carey will pay a total interest of $1,508 over the course of the installment plan for the computer system.
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Find the angle between each of these pairs of vectors:
A = -2.00 i + 6.00 j and B = 2.00 i - 3.00 j
The angle of pairs = 170.
The characteristics of the scalar product allows to find the angle between the two vectors is:The scalar product is the product between two vectors whose result is a scalar.
A . B = |A| |B| cos θWhere A and B are the vectors, |A| and |B| are the modules of the vectors and θ at the angle between them.
The vector is given in Cartesian coordinates and the unit vectors in these coordinates are perpendicular.
i.i = j.j = 1 i.j = 0 A . B = (4 i - 4j). * -5 i + 7j) A . B = - 4 5 - 4 7 A. B = -48We look for the modulus of each vector.
|A| = 4 √2 |B| = 8.60We substitute. -48 = 4√2 8.60 cos θ -48 = 48.66 cos θ θ = cos⁻¹ θ = 170ºIn conclusion using the dot product we can find the angle between the two vectors is:
Hence, the angle θ = 170º
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If you make $4 on a sale of one share of stock that you bought for $22, what is your ROI?
Answer:
$26
Step-by-step explanation:
find the amount on $ 6,250 at 8%p.a compounded annually for 2 years. also, find the compounded intrest
The Compound Interest is $7,290.00.
What is Compound Interest?In order to calculate compound interest, multiply the principal of the original loan by the annual interest rate multiplied by the number of compound periods minus one.
Given:
P= 6250
T= 2 years
r = R/100
r = 8/100
r = 0.08 rate per year,
Then solve the equation for A
A = P[tex](1 + r/n)^{nt[/tex]
A = 6,250.00[tex](1 + 0.08/1)^{(1)(2)[/tex]
A = 6,250.00(1 + 0.08)²
A = $7,290.00
Hence, The Compound Interest is $7,290.00.
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A system of equations is shown below.
What is the value of y for the solution to the system? [2z - y = 3
(エー3y=4
A.2
B.1
c.-1
D.-5
Answer:
option c
y = -1
Step-by-step explanation:
2x - y = 3 -----------------(1)
x - 3y = 4 ------------------(2)
from equation (2)
x = 4 + 3y-------------------(3)
substituting the value of x in equation (1)
2(4+3y) - y = 3
8 + 6y - y = 3
5y = 3-8
5y = -5
y = -1
substituting the value of y in equation (3)
x = 4 - 3
x = 1
The following data represent the high-temperature distribution for a summer month in a city for some of the last 130 years. Treat the data as a population. Complete parts (a) through (c).
Temperature: Days:
50-59 5
60-69 309
70-79 1496
80-89 1521
90-99 533
100-109 6
(a) Approximate the mean and standard deviation for temperature.
B) Use the frequency histogram of the data to verify that distribution is bell shaped. Yes or No
C) According to the Empirical rule, 95% of the days in the month will be between what two temperatures?
Regarding the data-set of the temperatures, it is found that:
a) The mean and the standard deviation are given as follows:
Mean: 80.41Standard deviation: 8.33.b) The histogram is bell shaped.
c) 95% of the days will be between 63.75 ºF and 97.07 ºF.
How to obtain the mean and the standard deviation?The first step towards obtaining the mean and the standard deviation is obtaining the relative frequencies, which are the absolute frequencies divided by the number of observations.
The number of observations is:
5 + 309 + 1496 + 1521 + 533 + 6 = 3870.
Considering the midpoint of each interval, the following distribution is built:
P(X = 54.5) = 5/3870 = 0.0013.P(X = 64.5) = 309/3870 = 0.0798.P(X = 74.5) = 1496/3870 = 0.3866.P(X = 84.5) = 1521/3870 = 0.3930.P(X = 94.5) = 533/3870 = 0.1377.P(X = 104.5) = 6/3870 = 0.0016.The mean is given by the sum of each value multiplied by it's relative frequency, hence:
E(X) = 54.5 x 0.0013 + 64.5 x 0.0798 + 74.5 x 0.3866 + 84.5 x 0.3930 + 94.5 x 0.1377 + 104.5 x 0.0016 = 80.41.
The standard deviation is given by the square root of the sum of the differences squared between each observation and the mean, multiplied by their relative frequencies, as follows:
S(X) = sqrt((54.5-80.41)² x 0.0013 + (64.5-80.41)² x 0.0798 + (74.5-80.41)² x 0.3866 + (84.5-80.41)² x 0.3930 + (94.5-80.41)² x 0.1377 + (104.5-80.41)² x 0.0016) = 8.33.
From the histogram, most values are around the mean, with a small percentage of around 0.3% around the bounds, accordingly with the Empirical Rule, hence the distribution is normal.
By the Empirical Rule, a percentage of 95% of the observations is within two standard deviations of the mean, hence:
80.41 - 2 x 8.33 = 63.75.80.41 + 2 x 8.33 = 97.07.More can be learned about the Empirical Rule at https://brainly.com/question/10093236
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Drag each tile to the correct box. Not all tiles will be used.
Consider the recursively defined function below.
f(1) = = 10
f(n) 2.2 f(n-1), for n = 2, 3, 4, ...
Create the first five terms of the sequence defined by the given function.
The first five terms of the sequence defined by the given function are f(1) = 10 f(2) = 22 f(3) = 48.4 f(4) = 106.48 and f(5) = 234.256.
What is a sequence?
A collection of events or items that occur one after the other in a specific order is referred to as a sequence.
Here, we have
Given the function is f(n) = 2.2 [ f(n-1) ] Here, f(1) = 10 then we have to create the first five terms of the sequence defined by the function.
Since f(1) = 10
f(2) = 2.2 [ f (2-1) ] = 2.2× [ f (1) ]
= 2.2 × 10 = 22
f (3) = 2.2 [ f (3-1)] = 2.2 × [ f (2) ]
= 2.2 × 22 = 48.4
f(4) = 2.2 [ f(4-1) ] = 2.2× [ f(3)]
= 2.2 × 48.4 = 106.48
f(5) = 2.2 [ f(5-1) ] = 2.2× [ f(4)]
2.2× 106.48 = 234.256
Hence the first five terms of the sequence defined by the given function are f(1) = 10 f(2) = 22 f(3) = 48.4 f(4) = 106.48 and f(5) = 234.256.
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1. Solve the equation (9-6p) =
-11 for p.
Answer:
p=p=10/3
Explanation:
9-6p =-11=p=10/3
41% adults favor the use of unmanned drones by police agencies. Twelve U.S. adults are randomly selected. Find the probability that the number of U.S. adults who favor the use of unmanned drones by police agencies is (a) exactly three, (b) at least four, (c) less than eight.
P(3)=
P(x >4)=
P(x<9)=
The probability that the number of U.S. adults who favor the use of unmanned drones by police agencies is;
(a) exactly three = 0.1314
(b) at least four = 0.7953
(c) less than eight = 0.93382
How to solve Binomial Probability Distribution Problems?The binomial probability distribution is the probability of exactly x successes on n repeated trials, with p probability. The formula is;
P(X = x) = ⁿCₓ * pˣ * (1 - p)^(n - x)
We are given;
p = 41% = 0.41
n = 12
Thus;
1) The probability that the number of U.S. adults who favor the use of unmanned drones by police agencies is exactly three;
P(3) = ¹²C₃ * 0.41³ * (1 - 0.41)^(12 - 3)
P(3) = 0.1314
2) The probability that the number of U.S. adults who favor the use of unmanned drones by police agencies is at least four;
P(x ≥ 4) = P(X = 4) + P(X = 5) + P(X = 6) + P(X = 7) + P(X = 8) + P(X = 9) + P(X = 10) + P(X = 11) + P(X = 12)
P(x ≥ 4) = 0.7953
3) The probability that the number of U.S. adults who favor the use of unmanned drones by police agencies is less than eight using binomial probability calculator is;
P(X < 8) = 0.93382
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Joey has 80 pens and 30 of them are red. What percent are red?
Answer:
Step-by-step explanation:
12 ^-3 wasnt at school the week we did negative integers help pls
1/1728 is the value of negative integers .
What in math is an integer?
A whole number that can be positive, negative, or zero is called an integer. It is not a fraction. Integer examples include: -5, 1, 5, 8, 97, and 3,043. 1.43, 1 3/4, 3.14, and other numbers are examples of non-integer numbers.Three sorts of integers exist: 0 (zero), positive integers (natural numbers), and negative integers (Additive inverse of Natural Numbers)= 12⁻³
= 1/12³
= 1/1728
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Dog food comes in two different sized bags. The 4 lb bag sells for $19.49 while the 30 lb bag sells for $73.99. Which is cheaper per pound and by how much?
Answer:
30 lb bag is cheaper by about $2.40
Step-by-step explanation:
to find per pound we divide
19.49/4= 4.8725
$4.87per pound
$73.99/30=2.46633
$2.47 per pound
30 lb bag is cheaper per pound
4.87-2.47=2.40
hopes this helps please mark brainliest
Some -digit numbers, such as 300003 and 604406, read the same forward and backward. If a boy selects a number from all six -digit numbers, find the probability that it will read the same forward and backward.
The probability that the boy will select a palindrome number is 1/900.
What is a palindrome?A number that reads the same both forward and backward is known as a palindrome.
The 6 digits palindrome numbers can be formed starting from 100 and writing the reverse of 100 before 100 like 100-001, 101-101, 102-201,...,
995-599, 996-699, 997-799, 998-899,999-999.
Therefore, the 6 digits palindrome numbers can be formed using three digits starting from 100 to 999.
Since we are starting from 100, subtract 99 from 999 to get the total number of 6 digits palindrome numbers,
999-99
=900
Therefore, there are 900 six digits palindrome numbers.
The probability of selecting one palindrome number out of a total of 900 numbers is,
1/900
Therefore, the probability that the boy will select a palindrome number is 1/900.
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Use the sample data and confidence level given below to complete parts (a) through (d). A research institute poll asked respondents if they felt vulnerable to identity theft. In the poll, n=990 and x=581 who said "yes." Use a 95% confidence level.
The 95% confidence interval for the proportion of respondents who say yes is of:
(0.5562, 0.6176)
What is a confidence interval of proportions?A confidence interval of proportions has the bounds given by the rule presented as follows:
[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]
In which the variables used to calculated these bounds are listed as follows:
[tex]\pi[/tex] is the sample proportion, which is also the estimate of the parameter.z is the critical value.n is the sample size.The confidence level is of 95%, hence the critical value z is the value of Z that has a p-value of [tex]\frac{1+0.95}{2} = 0.975[/tex], so the critical value is z = 1.96.
The remaining parameters, which are the sample size and the estimate, are given as follows:
[tex]n = 990, \pi = \frac{581}{990} = 0.5869[/tex]
The lower bound of the interval is of:
[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.5869 - 1.96\sqrt{\frac{0.5869(0.4131)}{990}} = 0.5562[/tex]
The upper bound of the interval is of:
[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.5869 + 1.96\sqrt{\frac{0.5869(0.4131)}{990}} = 0.6176[/tex]
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HELP PLEASE ILL DO ANYTHING ONE MCRIB BURGER
The solutions for the graphed linear inequality are (-4, 0), (-1, 4), (0, 0), and (-2, 0). The correct options are A. (-4, 0), B. (-1, 4), C. (0, 0), and E. (-2, 0)
Determining the solutions of a linear inequality from a graphFrom the question, we are to determine all of the solutions for the linear inequality whose graph is given
To do this, we will find the points that fall in the solution region (shaded portion of the graph)
A. (-4, 0)The point (-4, 0) falls in the solution region. Thus, it is a solution for the linear inequality.
B. (-1, 4)The point (-1, 4) falls in the solution region. Thus, it is a solution for the linear inequality.
C. (0, 0)The poi0nt (0, 0) falls in the solution region. Thus, it is a solution for the linear inequality.
D. (4, -1)The point (4, -1) does not fall in the solution region. Thus, it is not a solution for the linear inequality.
E. (-2, 0)The poi0nt (-2, 0) falls in the solution region. Thus, it is a solution for the linear inequality.
F. (0, -2)The point (0, -2) does not fall in the solution region. Thus, it is not a solution for the linear inequality.
Hence, the solutions are (-4, 0), (-1, 4), (0, 0), and (-2, 0).
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If CE and FH are parallel lines and m/CDG =
are parallel lines and m/CDG = 128°, what is mZHGD?
Can I have some help asap?
Answer:
I will help you okay????
2
Linda paid $5.50 for 4 pounds of
strawberries. How much did she pay
per pound of strawberries?
She paid $1.375 per pound of strawberries.
What is the unit rate?
When expressed rate as a fraction, a unit rate has a denominator of 1.
Since 4 pounds cost $5.50, 1 pound of strawberries will cost 5.50/ 4 ≈ $1.375.
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A poll asked adults in a certain country whether immigration was a good thing or a bad thing for the country. Out of 1,095 respondents, 631 said it was a good thing.
c. Find a 95% confidence interval for the proportion who believe immigration is a good thing.
A 95% confidence interval for the proportion who believe immigration is a good thing is; CI = (0.4173, 0.7173)
What is the Confidence Interval of Proportions?The formula for the confidence interval of proportions is;
CI = p ± z√(p(1 - p)/n)
where;
p is sample proportion
z is z-score at confidence level
n is sample size
We are given;
Number of success; x = 631
Sample size; n = 1095
Thus;
sample proportion; p = x/n = 631/1095 = 0.5763
The z-score at 95% confidence level is 1.96. Thus;
CI = 0.5673 ± 1.96√(0.5673(1 - 0.5673)/1095)
CI = 0.5673 ± 0.015
CI = (0.5673 - 0.15), (0.5673 + 0.15)
CI = (0.4173, 0.7173)
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What are the answers to 3, 4, and 5? Thank you.
The missing terms in the two column proof are;
Reason 4; Opposite Angles
Reason 5; AAS Congruency Postulate
How to carry out two column proof of triangles?From the given image, we want to use the two column proof to prove that ΔAEC ≅ ΔDEB.
Now, we have the two column proof as follows;
Statement 1; AC ║ BD
Reason 1; Given
Statement 2; AC ≅ BD
Reason 2; Given
Statement 3; ∠ACE ≅ ∠DBE
Reason 3; Alternate angles
Statement 4; ∠AEC ≅ ∠BED
Reason 4; Opposite Angles
Statement 5; ΔAEC ≅ ΔDEB
Reason 5; AAS Congruency Postulate
The final proof is AAS Congruency postulate because it has 2 congruent angles and the non-included congruent side.
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Which represents the solutions of the graphed system of equations y=x2+2x-3 and y=x-1?
Answer:
second option
Step-by-step explanation:
the solution to the system of equations is at the points of intersection of the two graphs.
the graphs intersect at (- 2, - 3 ) and (1, 0 ) , then
the solutions are (- 2, - 3 ) and (1, 0 )
4x7 = 2x + 15
Does the equation have one
none, or infinite solutions?
Explain why.
Answer:
There is only one solution
Step-by-step explanation:
4x - 7 = 2x + 15
+7 +7
4x = 2x + 22
-2x -2x
2x = 22
divide by 2 into both sides
x = 11
Since there is only one answer, there is only ONE solution.
y=-2x^2+20x-2 what is the maximum or minimum value of the function
The Minimum value is y(min) = 48 , x = 5 and The maximum value is [tex]y = -2(x -5)^2+48[/tex]
Given,
In the question:
The given Function is :
[tex]y = -2x^2 + 20x -2[/tex]
To find the maximum or minimum value of the function:
Now, According to the question:
For maximum value:
The given Function is :
[tex]y = -2x^2 + 20x -2[/tex]
Take out the leading coefficient is :
[tex]y = -2(x^2 + 10x) -2[/tex]
Complete the square:
[tex]y = -2(x^2 + (2(-5))x +(-5)^2+(-2-(-2).(-5)^2)[/tex]
Express the function in vertex form:
[tex]y = -2(x -5)^2+48[/tex]
For Minimum Value:
y(min) = 48
x = 5
Hence, The Minimum value is y(min) = 48 , x = 5 and The maximum value is [tex]y = -2(x -5)^2+48[/tex].
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If y varies directly as x, find the constant of variation k and the direct variation equation for the situation.
y=2 when x= 10
Variation refers to differences in characteristics between individuals of the same species or between different genera or species. The formula is y = 0.25x.
What is meant by variation equation?A variation is a relationship between one set of values for one variable and another set of values for another variable. Variation in direct. If m is a nonzero constant and b = 0, then the function y = mx (often written y = kx) is a direct variation of the equation y = mx + b. If y varies directly as x and y = 6 when x = 2, the constant of variation is k = 3. As a result, the equation for this direct variation is y = 3x.The direct variation equation is a two-variable linear equation given by y = kx, where k is the constant proportionality. In a coordinate plane, the direct variation graph is a straight line.Therefore,
y=0.25 x
the initial statement is y ∝ x
to convert to an equation multiply by k the constant of
⇒ y=k x
to find k use the given condition
y=0.5 when x=2
[tex]$y=k x \Rightarrow k=\frac{y}{x}=\frac{0.5}{2}=0.25$$[/tex]
the equation is y = 0.25x
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The variation equation is [tex]y=\frac{1}{5} x[/tex]
What do you mean by direct variation?If two quantities change by the same amount, they are said to follow a direct variation. As a result, when one quantity changes, the other follows suit, increasing when the first changes and decreasing when the first changes. To put it another way, two quantities are said to be directly proportional to one another if the ratio of the first to the second is a constant term. The coefficient or constant of proportionality is the name given to this constant quantity.The mathematical relationship between the two quantities in the direct variation formula makes it so that one of the variables is a constant multiple of the other. The sign "∝" is used to indicate that two quantities are directly proportional to one another or directly varying from one another. Assuming that x and y are two quantities that are directly varying, they are stated as follows: y∝ xThe direct variation formula is expressed as follows when the proportionality sign is omitted.Calculation
Given, y =2 and x=10
we know the direct relation in y∝ x
so, y = kx, where k is the proportionality constant
2= k*10
k = [tex]\frac{2}{10} =\frac{1}{5}[/tex]
Therefore, the direct variation equation for this situation is [tex]y=\frac{1}{5} x[/tex]
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Suppose 50% of the registered voters in a country are Republican. If a sample of 629 voters is selected, what is the probability that the sample proportion of Republicans will differ from the population proportion by more than 4%? Round your answer to four decimal places.
The probability that the sample proportion of the Republicans will differ from the population by more than 4% is 95.56%
How to get the required probabilityThe probability is calculated using z score, this is used to determine the amount of difference a sample, X is from the standard deviation
The z score is given by the formula
z = (X - μ) / σ
Definition of variables
population mean, μ = p = 50% = 0.5
sample size, n = 629
standard deviation, σ
= √{(p(1 - p)) / n}
= √{(0.50(1 - 0.50)) / 629}
= √{(0.50 * 0.50) / 629}
= 0.0199
Differ by more than 4% is differ by 50% + 4%
X = 50% + 4% = 54% = 0.54
The probability of more than 54% P = P(p > 54%) = P(p > 0.54)
P(p > 0.54) = 1 - P(p < 0.54)
Z score for z < 0.54
z = (X - μ) / σ
= (0.54 - 0.50) / 0.0199
= 2.01
p value for z < 2.01 = 0.0444
P(p > 0.54) = 1 - P(p < 0.54)
= 1 - 0.0444
= 0.9556
= 95.56%
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Lee.com accepted a $70,000, 634% , 120-day note on July 26. Lee discounted the note on October 28 at LB Bank at 6%. What proceeds did Lee receive? (Use Days in a year table) (Round your answer to the nearest cent.)
On October 28, Lee received proceeds of $71,153.66 from the discounted note.
What is note discounting?Discounting a note involves receiving immediate cash by selling it to a financial institution at a discount.
The implication of discounting a note is that the receiver gets less than the maturity value.
The maturity value is the face value of the note plus the computed interest.
Face value of the note receivable = $70,000
Interest rate = 6.34%
Note period = 120 days
July 26 - October 28 = 94 days
Maturity value of the note receivable = The Face Value + Interest
= $71,459.07 [$70,000 + ($70,000 x 6.34% x 120/365)]
Bank discount rate = 6%
The discount period from October 28 to Nov 22 = 26 days (120 - 94)
Bank discount = Maturity Value x Discount Rate x Discount Period
= $305.41 ($71,459.07 x 6% x 26/365)
Proceeds = Maturity value - Bank discount
= $71,153.66 ($71,459.07 - $305.41)
Thus, by discounting the note receivable at LB Bank at 6%, Lee received $71,153.66 instead of the $71,459.07 it would have received at maturity.
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