-4
It is the point where the line touches the y-axis
<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>
You can only multiply and add with associative property. are you talking about distributive property or identity property
