If a note is dated July 15, discounted on September 29, and is due on November 12, the discount period is________ days.
A) 120
B) 44
C) 76
D) 74

Question

Quizplus · Accepted Answer

The discount period is the time between the discount date (September 29) and the due date (November 12).

Number of days in September (from Sept 29 to Sept 30) = 1
Number of days in October = 31
Number of days in November (from Nov 1 to Nov 12) = 12

Total number of days = 1 + 31 + 12 = 44

Therefore, the discount period is 44 days. The best choice is B.

If a Note Is Dated July 15, Discounted on September