discount note

[logistic_guy]

A \(\displaystyle \$ 10,000\) face value discount note has a term of \(\displaystyle 4\) months. The simple discount rate is \(\displaystyle 6\%\). Find the amount of the discount.

 

[khansaheb]

A \(\displaystyle \$ 10,000\) face value discount note has a term of \(\displaystyle 4\) months. The simple discount rate is \(\displaystyle 6\%\). Find the amount of the discount.

View attachment 39237

show us your effort/s to solve this problem.

 

[jonah2.0]

Beer induced reaction follows.

... So, it doesn't matter whether it was an example or a question, as long as I haven't solved it before. ...

It does matter since you have practically solved it when you glanced at the solution just below the problem statement. You'd have to be blind not to see the solution just below the problem statement. Are you blind? Have you ever looked away from the beauty of a naked woman?
Please stop this nonsense.

A \(\displaystyle \$ 10,000\) face value discount note has a term of \(\displaystyle 4\) months. The simple discount rate is \(\displaystyle 6\%\). Find the amount of the discount. ...

 

[logistic_guy]

Please stop this nonsense.

You're not listening to what I have said

At this moment while I'm writing this, I don't know how to solve this question, so I have to read that chapter from the beginning to get the required formula. And I promise that I will stop seeing the solution of the first Example once I reach it until I try my own attack.

I got it

The Simple Discount Formula says:

\(\displaystyle \text{D = MdT}\)

Let us try to fill this formula with the numbers from the question. I hope that I get it right from the first time!

\(\displaystyle \text{D} = 10000(0.06)(4) = 2400\)

Until this moment I did not see the answer. The discount amount does not make sense! Let us read the solution!

I got it wrong

Oops, I forgot the first rule of thumb \(\displaystyle \rightarrow\) the rate is annual.

The correct solution is:

\(\displaystyle \text{D} = 10000(0.06)\left(\frac{4}{12}\right) = 200\)

See, when I first calculated, experience has told me that there's something wrong with the discount amount. We will never learn if we don't make mistakes. I am so happy that I learnt something new today!

 

[jonah2.0]

Beer induced reaction follows.

You're not listening to what I have said

At this moment while I'm writing this, I don't know how to solve this question, so I have to read that chapter from the beginning to get the required formula. And I promise that I will stop seeing the solution of the first Example once I reach it until I try my own attack.

I got it

The Simple Discount Formula says:

\(\displaystyle \text{D = MdT}\)

Let us try to fill this formula with the numbers from the question. I hope that I get it right from the first time!

\(\displaystyle \text{D} = 10000(0.06)(4) = 2400\)

Until this moment I did not see the answer. The discount amount does not make sense! Let us read the solution!

I got it wrong

Oops, I forgot the first rule of thumb \(\displaystyle \rightarrow\) the rate is annual.

The correct solution is:

\(\displaystyle \text{D} = 10000(0.06)\left(\frac{4}{12}\right) = 200\)

See, when I first calculated, experience has told me that there's something wrong with the discount amount. We will never learn if we don't make mistakes. I am so happy that I learnt something new today!

I have listened to what you have said.
I have come to the conclusion that you're just being silly and that you're trying to rationalize something that's absurd to justify. You're saying that you want to spend an unnecessary amount of time exploring something that can be easily learned by simply reading the worked out lessons.
There's no need for you to work out worked illustrations and examples. They are there for you to learn from; they are part of the lessons. They are not there for you to work on, they've been worked on already to prepare you and to provide you with guidelines for the exercises and the problems to follow after the lessons.