A building contractor gives a $14,500 promissory note to a plumber who has loaned him $14,500. The note is due in 9 months with interest at 9%. Six months after the note is signed, the plumber sells it to a bank. If the bank gets a 10% return on its investment, how much will the plumber receive? Will it be enough to pay a bill for $15,400?

Step-by-step explanation:

The value of the note at maturity is ...

  A = P(1 +rt) = $14,500(1 +0.09(9/12)) = $15,478.75

The amount (P) the bank will pay for the note is ...

  A = P(1 +rt)

The bank wants an equivalent rate of 10% on its 3-month investment.

  $15,478.75 = P(1 +.10(3/12)) = 1.025P

  P = $15,478.75/1.025 = $15,101.22

The bank will pay the plumber $15,101.22 for the note. That is not enough to pay a bill for $15,400.

step-by-step explanation: the answer is 27. first multiply .32 by 25 which equals 8. then add 8 to 25 which gives you 33. then you subtract that from 6 since she gave 6 to her brother.

,, add !