Mathematics, 19.04.2021 06:50 mikewalton566

1. A 5-month promissory note with an interest rate of 10% would mature on 25th September 2018 with a maturity value of 4200. Find
a) The date of the note. (251) April 2018)
b) the face value. (4032)

2. On 16 March 2019, Samy received a 120-day promissory note with simple interest rate
of 11% per annum. Find
a) maturity date (141h July 2019)
b) maturity value (3031.92)

3. Aznil received a 150-day promissory note with a face value of 10,000 dated 5
January 2017. The maturity value was 10,375. Find
a) the maturity date of the note.(4th June 2017)
b) the interest rate of the note. (9%)

Answers: 2

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1. A 5-month promissory note with an interest rate of 10% would mature on 25th September 2018 with...