Date of note April 12. Length of note 45 days. Date note discounted May 2. What’s the discount period?

To find the discount period, we need to determine the number of days between the date the note was discounted (May 2) and the maturity date of the note. Here's how to calculate it:

1. The note was created on **April 12** and has a length of **45 days**.
   - The maturity date of the note is:
   \[
   \text{April 12} + 45 \, \text{days}
   \]
   Let's break this down:
   - April has **30 days** in total. From April 12 to April 30, there are \(30 - 12 = 18\) days.
   - The remaining days from the 45 days would be \(45 - 18 = 27\) days, which fall in May.

   Therefore, the maturity date of the note is:
   \[
   \text{May 27}
   \]

2. The note was discounted on **May 2**.

3. The discount period is the time from May 2 to May 27:
   \[
   \text{May 27} - \text{May 2} = 25 \, \text{days}
   \]

Thus, the discount period is **25 days**.

Would you like more details or have any further questions?

Here are 5 related questions:
1. How is the maturity date of a note calculated?
2. What is the purpose of discounting a note?
3. How do you compute the discount rate on a note?
4. Can a note be discounted after its maturity date?
5. What are some real-world applications of discounting financial instruments?

**Tip**: When calculating periods across different months, remember to account for the varying number of days in each month.

Learn how to calculate the discount period of a financial note. Given an issue date of April 12 and a length of 45 days, the problem calculates the maturity date and the discount period, solving for the number of days between May 2 and May 27. Suitable for high school students in Grades 9-12.

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