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2 years ago

Principal $4,700 Interest rate 4% time 10 months, what is the simple interest and maturity level?

1 answer:

6 0

The simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.

<h3>What is simple interest?</h3>

Simple interest refers to the interest calculated only on the principal.

With the simple interest method, the borrower only pays interest on the principal without considering the previously-accumulated interests.

<h3>Data and Calculations:</h3>

Principal = $4,700

Interest rate = 4%

Period = 10 months

Simple interest = $156.67 ($4,700 x 4% x 10/12)

Thus, the simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.

Learn more about simple interests at brainly.com/question/

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2 years ago

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3 years ago

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3 years ago

HELP!!!!!!!!!!!!!!!!!!!!! Do all real numbers have a decimal expansion? Select each correct answer. Some numbers, such as 1 10

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Answer:

1. Some numbers, such as $\frac{1}{10}$ , have a decimal expansion that terminates.

2. All real numbers have a decimal expansion.

5. Some numbers, such as $\frac{1}{18}$ , have a decimal expansion that repeats but does not terminate.

Step-by-step explanation:

According to the options, we have,

1. Some numbers, such as $\frac{1}{10}$ , have a decimal expansion that terminates.

It is correct as the decimal expansion of $\frac{1}{10}$ is 0.1, which terminates.

2. All real numbers have a decimal expansion.

This is also correct as both rational and irrational numbers can be written in decimal form.

3. Some numbers, such as $\sqrt{13}$ do not have a decimal expansion

This is not correct as $\sqrt{13}=3.605551275$ i.e. it has a decimal expansion.

4. Only some real numbers have a decimal expansion.

It is not correct as 2 is correct.

5. Some numbers, such as $\frac{1}{18}$ , have a decimal expansion that repeats but does not terminate.

It is correct as $\frac{1}{18}=0.0555555..$ , which is non-terminating decimal expansion.

So, the correct options are,

1. Some numbers, such as $\frac{1}{10}$ , have a decimal expansion that terminates.

2. All real numbers have a decimal expansion.

5. Some numbers, such as $\frac{1}{18}$ , have a decimal expansion that repeats but does not terminate.

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3 years ago