3 years ago

What is the maturity value of a single-

1 answer:

8 0

Answer:

(B)$671.37

Step-by-step explanation:

Interest Rate, r=15%=0.15

Time, t = $\dfrac{80}{365}$

Maturity Value at exact interest, S=P(1+rt)

$=\$650 \left (1+0.15*\dfrac{80}{365}\right)\\\\=\$671.37$

The correct option is B.

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