<span>Normally when they tell you interest rate they say per annum meaning the percent interest rate for a year.
But in this problem they seem to say John pays 12% for a 146 day loan.
So interest = P * r / 100 = 8400 * 12/100 = $1,008.00
Maturity value = Principal + Interest = 8400 + 1008 = $9,408.00</span>
Answer:
We simply wont know until we find out now wont we??
Step-by-step explanation:
My Mind
First off, we'll convert the mixed fractions to "improper",
The question is somehow incomplete but the answer is it in
the inferential stage of probability-based inference. It is in
complex networks of codependent variables is an lively theme in statistical
research, encouraged by such varied presentations as predicting, pedigree examination
and troubleshooting.
Answer:
About $1627.5
Step-by-step explanation:
15.50 x 35 = 542.5
542.5 x 3 (the amount of weeks in a month) = $1627.5
