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3 years ago

What term is used to name a type of loan in which the loan amount and interest are due in one payment at maturity?

Mathematics

2 answers:

larisa [96]3 years ago

4 0

Answer:

Step-by-step explanation:

Luba_88 [7]3 years ago

4 0

Answer:

pay day loans

Step-by-step explanation:

pay day loan is a type of loan which falls under the category of short term loans. in these type of loan the borrower is expected to pay the loan amount plus the interest accrued on the amount in one payment when his payday arrives.

usually the lending facility is allowed to take out this payment from the borrower's bank account with the authority of the financial regulatory body.

short term loans are loans taken out and repaid within a short period of time usually between one month to 1 year at maximum. payday loans are given to small startups and to individuals who might be in urgent need of cash at the moment and also have a good credit score.

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4 years ago

Aaron is 6 years old, Beth is 9 years old and Charlie is 15 years old. They are going to share £5940 in the same ratio as their

Andre45 [30]

Answer:

$Aaron=1188$

$Beth=1782$

$Charlie=2970$

Step-by-step explanation:

From the question we are told that

Ratio 6:9:15

Total amount to e shared N=£5940

Generally the Ratio can divide the Total amount mathematically as follows

Ratio

6:9:15/3=2:3:5

Sum of ratio

2+3+5=10

For Aaron

$A=\frac{2}{10} *5940$

$A=1188$

For Beth

$B=\frac{3}{10} *5940$

$B=1782$

For Charlie

$C=\frac{2}{10} *5940$

$C=2970$

Check answer

$A+B+C=5940\\1188+1782+2970=5940$

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3 years ago

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romanna [79]

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Step-by-step explanation:

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The answer would be c

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4 years ago

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