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

You are standing in a location that is clear in the morning, but in the afternoon there are thunderstorms. There is no wind during the day, so the thunderstorms

Which of the following is the best resource for researching information about the discovery of paper? A. dictionary B. periodicals C. encyclopedia D. thesau

which adaptation would help a plant live in a desert

the foyer typically includes a

Define ordinance power

Which one is an adverb? a.away b.rainy c.be d.of

Please check my questions!! I need help with these! THANK YOU! BRAINLIEST WILL BE GIVEN

what is equivalent to (3+5i) - (7-2i)

EXPLAIN the measures that can be taken to ensure safety in a storm.

y= 89.5 + 0.409x Is a line of regression corresponding to a set of data which compares. The number of commuters to number of paelinf spots at a given station.Th