1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jasenka [17]
3 years ago
13

Alexa took out a $42,000 loan to remodel a house. The loan rate is 8.3% simple interest per year and will be repaid in six month

s. What is the maturity value that is paid back ?
Mathematics
1 answer:
salantis [7]3 years ago
7 0

Answer: The maturity value is $43743

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the loan.

P represents the principal or amount that was taken as loan.

R represents interest rate.

T represents the duration of the loan in years.

From the information given,

P = 42000

R = 8.3

T = 6 months = 6/12 = 0.5 years

I = (42000 × 8.3 × 0.5)/100 = $1743

The maturity value is the total amount paid after the duration of the loan. It becomes

42000 + 1743 = $43743

You might be interested in
Also need help for this question!! Someone please help
SVEN [57.7K]
Given profit, 
p(t)=0.4t^2+5.3t-8
After the first year, t=1
p(1)=0.4*(1^2)+5.3*1-8=-2.3
Answer: the annual loss of the coffee shop after the first year (i.e. the second year) is $2,300.
7 0
3 years ago
25<br> 2<br> In long division
Andre45 [30]

Answer:

..........

Step-by-step explanation:

i don't understand 25 2 ??

3 0
3 years ago
You have $1.55 worth of dimes and nickels in a jar. There are 23 coins in the jar. How many dimes do you have? How many nickels
Scilla [17]

i believe the answer is 35 dimes and 65 nickels (sorry if i’m wrong lol)

3 0
3 years ago
Tiffany practices her guitar for 3 Over 4 hour each day. How many hours does she practice in 7 days
miv72 [106K]

Answer:

5 1/4

Step-by-step explanation:

4 0
2 years ago
Pls help I will not let me add the screenshot so I'm going to try and explain. so there is a rectangle the top measures 10m and
-BARSIC- [3]
Answer:

£23

Explanation:

6x10=60
2x1.5=3
3.14x2^2=12.566
60-3-12.566=44.433
44.43/10=4.43
5 bags
5x4.60=23
=£23
3 0
3 years ago
Other questions:
  • The scores of an eighth-grade math test have a normal distribution with a mean Mu = 83 and a standard deviation Sigma = 5. If Di
    5·1 answer
  • In 2001 polls indicated that 74% of Americans favored mandatory testing of students in public schools as a way to rate the schoo
    11·1 answer
  • Which juice container is larger 2L or 1gal
    15·2 answers
  • What are the factor pairs for 45
    10·1 answer
  • Select the correct answer.
    12·1 answer
  • REALLY NEED HELP. WILL GIVE BRAINLIEST.
    7·2 answers
  • Guys i need these answers badly so i would appreciate if someone responded <br> Thanks !
    7·1 answer
  • Hep me please this is to much
    5·2 answers
  • Stuck on this question. Nether learned this anywhere
    14·1 answer
  • I really need help i keep getting confused
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!