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Jlenok [28]
3 years ago
15

Terry Bergolt's bank granted him a single-payment loan of $4,400 at an interest rate of 6% exact interest. The term of the loan

is 172 days.
A. What is the exact interest?
B. What is the maturity value of the loan?
Mathematics
2 answers:
Mashutka [201]3 years ago
6 0
The correct answer is (b)
svetoff [14.1K]3 years ago
3 0
I=4,400×0.06×(172÷365)=124.41
Maturity value=4,524.41
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