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
n200080 [17]
3 years ago
15

Manuel Fraser’s bank granted him a single-payment loan of $9,650. He agreed to repay the loan in 146 days at an ordinary interes

t rate of 7.75%. What is the maturity value of the loan?
Mathematics
2 answers:
bonufazy [111]3 years ago
7 0

Answer:

Maturity Value=$ 9953.305

Step-by-step explanation:

Manuel Fraser’s bank granted him a single-payment loan of $9,650.

He agreed to repay the loan in 146 days at an ordinary interest rate of 7.75%.

i.e. we have:

P=$ 9650

R=7.75

T=146 days= 146/360 year.

Now the interest(I) on the loan is given by the formula as:

I=\dfrac{P\times R\times T}{100}

Hence, on putting the values of P, R and T in the formula of the interest we obtain:

I=\dfrac{9650\times 7.75\times \dfrac{146}{360}}{100}\\\\\\I=\dfrac{9650\times 7.75\times 146}{360\times 100}\\\\I=\dfrac{10918975}{36000}\\\\I=303.305

Hence, the maturity value is:

Maturity value=P+I

                     = 9650+303.305

                    = $ 9953.305

Hence,

Maturity Value=$ 9953.305

sesenic [268]3 years ago
3 0
A=9650(1+0.0775*146/360)
A=9953.30
You might be interested in
Write a polynomial function that meets the given conditions. Answers may vary. Degree 2 polynomial with zeros of 2√ 13 and -2√13
MAVERICK [17]

Answer:

The polynomial function is x^{2} - 52

Step-by-step explanation:

A polynomial has roots x_{1}, x_{2} such that ax^{2} + bx + c = (x - x_{1})*(x - x_{2}).

In this problem:

The roots are x_{1} = 2\sqrt{13} and x_{2} = -2\sqrt{13}

Then

(x - 2\sqrt{13}) \times (x - (-2\sqrt{13})) = (x - 2\sqrt{13}) \times (x + 2\sqrt{13}) = x^{2} - 2x\sqrt{13} + 2x\sqrt{13} -(2\sqrt{13})^{2} = x^{2} - 52

The polynomial function is x^{2} - 52

8 0
3 years ago
Answer the questions.
Paladinen [302]

Answer:

5.

Objective C

125x + 200 \geqslant 1200 \\ 125x  \geqslant  1000 \\ x  \geqslant 8

7

x \:  \alpha  \: y \\ y = kx \\ 2.00 = k \times 8 \\ k =  \frac{2.00}{8}  \\ k = 0.25

3 0
2 years ago
Use mental math to solve for the missing number:
Vaselesa [24]

Answer:

39

Step-by-step explanation:

Let the number be x.

The quotient of x and 3 is 13.

x/3 = 13

Multiply both sides by 3.

x = 13 × 3

x = 39

8 0
3 years ago
Read 2 more answers
Brady recorded the number and color of cars in the parking lot. 45% of the cars in the parking lot were white. If Brady counted
MA_775_DIABLO [31]

Answer:

180 cars

Step-by-step explanation:

Like you can see in the picture, I like to set up a proportion, so 81 over X and 45 over 100. Then, you can cross multiply, so 81 x 100 = 8100 and then divide, 8100 ÷ 45 = 180, your answer!

4 0
3 years ago
Read 2 more answers
If veronica reed is paid a gross weekly salary of $1036.00, what is her gross annual salary?
Ber [7]
So, (weekly) she receives 1036.00.
The question is asking to find out the (annual) salary which is a year.
There are about 52 weeks in a year.
To find the amount being payed annually we multiply 1036 by 52
=53,872.
3 0
3 years ago
Other questions:
  • DC = 10 What is the measure of angle ABD?
    14·1 answer
  • Calculate the area of a circle with a diameter of 12 cm​
    8·1 answer
  • Round 3.5555 to the nearest thousandth
    7·2 answers
  • What is the base area of a cube prisim 5mm
    13·1 answer
  • Help me please and thank you
    11·1 answer
  • Which statement represents the expression 2q+3 ?
    6·1 answer
  • Give answer please :)
    7·1 answer
  • Need the answer for x and y
    11·2 answers
  • Help me please and thank you :)
    12·1 answer
  • X<br> =<br> −<br> 3<br> when <br> y<br> =<br> −<br> 27
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!