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Activity No. 1
If you know that, the future value of a draft is QAR 50,000 matures after 230 days. The drawer discounted the draft with QCNB. The ordinary discount rate is 6%. The commission rate is 0.05%. The Collection rate is 0.025% with a minimum of QAR 30. Calculate the total discount rate and fill in the discount slip.
Activity No. 2
If you know that, the future value of a draft is QAR 79,000 matures after 193 days. The drawer discounted the draft with QCNB. The ordinary discount rate is 4.75%. The commission rate is 0.05%. The Collection rate is 0.025% with a minimum of QAR 50. Calculate the total discount rate and fill in the discount slip.
Activity No. 3
If you know that, the future value of a draft is QAR 120,000 matures after 62 days. The drawer discounted the draft with QCNB. The ordinary discount rate is 5.25%. The commission rate is 0.04%. The Collection rate is 0.030% with a minimum of QAR 40. Calculate the total discount rate and fill in the discount slip.
Activity No. 4
If you know that, the future value of a draft is QAR 150,000 matures in 15/12/2015. The drawer discounted the draft in 25/04/2015 with QCNB. The ordinary discount rate is 6%. The commission rate is 0.05%. The Collection rate is 0.025% with a minimum of QAR 30. Calculate the total discount rate and fill in the discount slip.