Colleen Ellis bank granted her a single-payment loan of 5000 for 90 days at 9 percent ordinary interest. What is the maturity va
lue of the loan
A. 5,112.50
B. 5,692.00
C. 5,872.10
D. 5,150.00
2 answers:
<u><em>A</em></u> would be correct. Hope i helped
Answer:
Maturity value of the loan is 5,112.50
Step-by-step explanation:
Ordinary interest is calculated on a basis of 360 days, so that time in 90 days would give;
= 0.25
Principal = 5000
rate = 9%
time = 0.25
I = 
where I is the ordinary interest
= 
= 112.5
I = 112.5
the matured value of the loan is P + I
= 5000 + 112.5
= 5112.5
You might be interested in
Answer:
C) 20, 4
Step-by-step explanation:
X = 5y
2x + 5y = 60
substitute in 5y for x: 2(5y) + 5y = 60
10y + 5y = 60
15y = 60
y = 4
x = 5y
x = 5(4) = 20
Your answer is 3.3
-Hope I helped you. :)
Y=4x i believe is the answer
Rule of three
Pages %
204 → 136%
x → 100% (her goal)
x=204*100%/136%
x=150 pages
Answer: Rebeca wants to read 150 pages each day
Answer:
I think the answer is B. 35°
Thank you.
BY GERALD GREAT.