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NeTakaya
3 years ago
5

On September 4, Nita Darmati signed a $5,350 promissory note to purchase furniture for her home office. The note had a simple in

terest rate of 8.5% for 120 days. What was the maturity value of the note? Round to the nearest cent. Assume ordinary interest.
Mathematics
1 answer:
snow_lady [41]3 years ago
3 0
The maturity value is the principal value together with interest due.
.. mv = P +Prt
.. = 5350*(1 +0.085*120/360) . . . . . . year is 360 days for "ordinary interest"
.. ≈ 5501.58

The maturity value is $5501.58.
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Svet_ta [14]
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6 0
3 years ago
15.24 x 1.64 the answer needs to be converted from us dollars to British pounds and can i have steps to plz
olga2289 [7]

Answer:

19.334

Step-by-step explanation:

First I multiplied.

15.24 x 1.64 = 24.9936

Then I convert my answer to British pounds.

24.9936 = 19.334 British Pound Sterling

Have a blessed day and hope this helps.

7 0
3 years ago
1. Sonny works as a furinture salesman and earns a base salary of $350 per week plus 6% commission on sales.
muminat

Answer:

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8 0
3 years ago
Mary Stahley invested $2500 in a 36-month certifi- cate of deposit (CD) that earned 8.5% annual simple interest. When the CD mat
nata0808 [166]

9514 1404 393

Answer:

  $13,916.24

Step-by-step explanation:

First, we need to find the value of the CD at maturity.

  A = P(1 +rt) . . . . simple interest rate r for t years

  A = $2500(1 +0.085·3) = $2500×1.255 = $3137.50

__

Now, we can find the value of the account with compound interest.

  A = P(1 +r)^t . . . . . rate r compounded annually for t years

  A = $3137.50 × 1.18^9 = $13,916.24

The mutual fund was worth $13,916.24 after 9 years.

3 0
2 years ago
Number 7 thanks ASAP ASAP
stellarik [79]

Answer:

Price is $1088 (agrees with answer B)

Step-by-step explanation:

Notice that the linear equation that represents this relationship can be estimated via finding the slope and y-intercept using a couple of the given points on the plane (for example (5, 140), and (10, 200), which results in;

Price = 12 x + 80

where "x" is the number of computers shipped.

Then, to ship 84 computers, we have the following price:

Price = 12 (84) + 80 = 1088

Then the price is $1088.

6 0
3 years ago
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