Date if note March 7. Length of note 120 days. Date note discounted June 8. What’s the discount period?

To calculate the **discount period**, you need to find the number of days between the date the note was made (March 7) and the date the note was discounted (June 8).

### Steps:
1. The note was made on **March 7**.
2. The note was discounted on **June 8**.
   
Now, let's calculate the days in each month:

- **March**: From March 7 to March 31 = 24 days.
- **April**: 30 days.
- **May**: 31 days.
- **June**: From June 1 to June 8 = 8 days.

### Total discount period:
\[
24\ (\text{March}) + 30\ (\text{April}) + 31\ (\text{May}) + 8\ (\text{June}) = 93\ \text{days}.
\]

So, the **discount period is 93 days**.

Would you like more details or explanations on how I arrived at the solution?

Here are 5 questions that can expand your understanding:
1. What is the significance of the discount period in financial transactions?
2. How does the length of the note (120 days) relate to the discount period?
3. What would change if the note were discounted earlier, say in May?
4. How would the calculation change if the note had a different issue date, like February 1?
5. What methods are used to compute interest on discounted notes?

**Tip:** Always be mindful of how many days are in each month when calculating periods that span several months.

Learn how to calculate the discount period for a note issued on March 7 and discounted on June 8. The detailed solution breaks down time periods across months and adds up the days between these dates. This step-by-step guide is suitable for students in Grades 5-7.

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