1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GarryVolchara [31]
3 years ago
14

On April 3rd nears flag company borrowed 10,000 dollars to pay for start up costs the loan had a simple interest rate of 6.25 pe

rcent for 230 days the company made partial payments of 5000 dollars on May 28th and 3500 on October 12 how much will the company owe on the date of maturity
Mathematics
1 answer:
Alchen [17]3 years ago
8 0

Answer:

At the end of the maturity, company owes  $1893.75.

Step-by-step explanation:

The principal amount borrowed = $10,000

Rate of interest = 6.25%

Time (in year)  = 230 days =(230/365) year

Simple Interest = \frac{P\times R \times T}{100}

So, here SI =  \frac{10,000 \times 6.25 \times 230}{ 365 \times 100}

= $393.75

So, simple interest after 230 days = $393.75

Now, the amount to be  paid after the end of 230 days = Principal + interest

A = $10,000 + $393.75  =   $ 10,393.75

The total partial payment made within year = $3500 + $5000 = $8500

So, the remaining payment = Total amount - Total partial payments

=  $ 10,393.75 - $8,500    = $1893.75

Hence, at the end of the maturity, company owes  $1893.75.

You might be interested in
Micaela works in a department store selling clothing. She makes a guaranteed salary
marusya05 [52]

Answer:

the answer is 565

Step-by-step explanation:

20% of her 1075 is 215

so 215+ 230= 565

7 0
2 years ago
HELP!! ILL MARK BRAINLIEST
Sonja [21]

Answer:

a

Step-by-step explanation:

youre welcome

7 0
3 years ago
Read 2 more answers
Angle
prisoha [69]

Answer:

hope this helps

Step-by-step explanation:

Angle _1_and angle _4_ are vertical angle pairs.

Angle _4_ and angle _5_ are an alternate interior pair.

Angle _2_ and angle _6_ are alternate exterior pair.

Angle _1_ and angle _2_ are a linear angle pair.

Angle _2_ and angle _7_ are corresponding angle pair.

4 0
3 years ago
Is my answer correct?
Yanka [14]

I would have used graph b. Because it shows the decrease more than graph a.

8 0
3 years ago
Math problem...? Help!
r-ruslan [8.4K]
The answer is either 8, 4, or 2  
5 0
3 years ago
Other questions:
  • Someone must have beaten me here. Devora thinks, dismayed by the empty treasure chest. Then, just as she's about to close the li
    9·2 answers
  • The length of a rectangle is five times its width. if the perimeter of the rectangle is 96 m , find its area.
    12·1 answer
  • Convert to mixed number 105/24
    7·1 answer
  • PLEASE help asap if you know the answer!!!!! quadratic functions : vertex form thank you!
    6·1 answer
  • Please answer asap thank you
    13·2 answers
  • PLEASE HELP ME I DO NOT HAVE MUCH TIME
    7·1 answer
  • PLZ HELP QUICK I WILL GIVE BRAINLIEST!!!!
    7·1 answer
  • Starwatch camping site charge per person £5 please see attached ​
    13·1 answer
  • 2[(3x + 5) – 7] = 3(4x – 3)
    10·2 answers
  • Find the possible values of m when straight line y=mx is tangent to curve y=2x² +8.​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!