Solve the application problems. Round rate to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.

Tim Garcia has a poor credit history partly due to a divorce. A finance company finally agrees to lend him funds based on a note with a face value of $9400, but it requires him to use his truck as collateral. Even then, the bank charges him a high 16% discount rate. Find (a) the proceeds and (b) the effective rate if the note is for 7 months.

Solve the application problems. Round rate to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.

Jessica Hernandez was unable to collect funds owed her from a customer that declared bankruptcy. The shortage of cash forced Hernandez to sign a $12,200 note at a discount rate of 11% to pay her bills. She was told the interest would be$931.94. Find the length of the loan in days.

Solve the application problems. Round rate to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.

A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a bank in Thailand at a 12% discount rate for 45 days. Find (a) the face value of the note and (b) the effective interest rate.

Solve for rate in the following application problems. Round to the nearest tenth of a percent.

Beutler Heating and Air Conditioning will lay off $45$ of its $1215$ workers. What percent of the workers will be laid off?

Solve the application problems. Round rate to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.

A regional manager at Trugreen, Inc. authorizes the borrowing of $98,300 for trucks and sprayers needed to spray yards with fertilizers and pesticides. The simple discount note has a 9.25% rate and matures in 150 days. Find the face value of the loan needed.

Solve the application problem. Use a $360$-day year if applicable.

Cathy Cockrell signed a 180 -day simple discount note with a rate of $10 \%$ and a face value of $\$ 25,000$. Find (a) the interest and (b) the proceeds.

Find the maturity date and the proceeds.

Find the maturity date and the proceeds.

Find the maturity date and the proceeds.

Find the maturity date and the proceeds.

Find the maturity date and the proceeds.

Find the maturity value and the proceeds. Round to the nearest cent.

Find the discount to the nearest cent, then find the proceeds.

Find the discount to the nearest cent, then find the proceeds.