SOLUTION: 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

Algebra ->  Finance -> SOLUTION: 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      Log On


   

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
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
2400%28x%2F365%29%28.12%29=95--->where x is the length of loan in days
240x=95(365)
highlight%28x=144.47%29days
150 is closest to that figure