Questions on Algebra in Finance answered by real tutors!

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Question 168532: can somoene please help me with this:
A note with a face value of $2400 was discounted at 12%. If the discount was $95 find the length of the loan in days.
119 days
120 days
90 days
150 days
: can somoene please help me with this:
A note with a face value of $2400 was discounted at 12%. If the discount was $95 find the length of the loan in days.
119 days
120 days
90 days
150 days

Answer by Mathtut(1309) About Me  (Show Source):
You can put this solution on YOUR website!
2400(x/365)(.12)=95--->where x is the length of loan in days
240x=95(365)
highlight(x=144.47)days
150 is closest to that figure