claraesson8074 claraesson8074

21-05-2020
Mathematics

contestada

What is the maturity value of a single-

payment loan of $650 given for 80 days at

15% exact interest?

A $685.39

B $671.37

C $652.37

D $670.36

Respuesta :

Newton9022 Newton9022

22-05-2020

Answer:

(B)$671.37

Step-by-step explanation:

Interest Rate, r=15%=0.15

Time, t = [tex]\dfrac{80}{365}[/tex]

Maturity Value at exact interest, S=P(1+rt)

[tex]=\$650 \left (1+0.15*\dfrac{80}{365}\right)\\\\=\$671.37[/tex]

The correct option is B.

Answer Link

Otras preguntas

Read the text and write. You are a student in Spain. Write your chores and responsibilities schedule. Your schedule should be in Spanish, and your explanation s

which is an example of a one-party system? a country in which power is held by one party at a time a party that refuses to consider proposals of the other party

what is the value of i=

The population of Collin County, which follows the exponential growth model,increased from 264,036 in 1990 to 491,675 in 2000.A. Find the exponential rate, k

Please help I will mark brainly !!!

A.) SAS; CPCTC B.) ASA; CPCTC C.) ASA; Substitution Property of Equality D.) SSS; CPCTC

Jayson earns $196 each week bagging groceries At the store .he saves half his earnings each week how much money does jayson save per week

the introduction of the US constitution is called the?

the "lotus blossom" is a stereotype about passive ____a. Native American womenb. Asian-american women c. Middle eastern women d. Jewish American women

50 points i need to know how to plot these