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What was the maturity value of the note

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Reference no: EM131532314

Alvin loaned Simon $10,000 with a 200 day loan at 7.5% simple interest. 80 days later he sold the note to Theodore at a 9.5% simple discount rate.

What was the maturity value of the note?

What was the amount Theodore payed for the note?

What was the interest rate Alvin earned? (Remember to round the percent to two decimal places, and enter it without the % sign.)

Assuming he holds the note till maturity, what simple interest rate does Theodore earn?

What simple interest rate does Simon pay?

Reference no: EM131532314

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