Finding bank discount and proceeds using ordinary interest of a loan

[Mark Mitchell]

I am having a bad case of brain fog and been working a homework question that has me stumped. the question is:

Find the bank discount and proceeds using ordinary interest for a loan to Michelle Anders for $7,200 at 8.25% annual simple interest from August 8 to November 8. Can anyone lead me in the right direction? I sure can use the help.

 

[stapel]

I am having a bad case of brain fog and been working a homework question that has me stumped. the question is:

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Find the bank discount and proceeds using ordinary interest for a loan to Michelle Anders for $7,200 at 8.25% annual simple interest from August 8 to November 8.

Please reply with a clear listing of your thoughts and efforts from at least one of your efforts at solution. Thank you!