RayelynnY39210 RayelynnY39210

28-10-2022
Mathematics

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Date repaid Aug 17th Exact timeInterestMaturity valuePrincipal$ 1,200Interest rate6%Date borrowedMay 15th

Date repaid Aug 17th Exact timeInterestMaturity valuePrincipal 1200Interest rate6Date borrowedMay 15th class=

Respuesta :

TaraU368179 TaraU368179

28-10-2022

Exact time: 94 days

Interest: ?

Maturity Value: ?

Explanation:

.Between May 15th and Aug 17th there are 94 days.

. Interest : 1

. Maturity value : 1 200

Formula:

Maturity value: MV

[tex]MV=P*(1+r)^n[/tex]

Answer Link

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