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Mkey [24]
2 years ago
12

Tim Hanes' bank granted him a single payment loan of $1,000 for 100 days at 12 percent ordinary interest. What is the maturity v

alue of the loan?
a. $1,578.01
b. $1,033.33
c. $1,120.00
d. $1,044.55​
Mathematics
1 answer:
mash [69]2 years ago
8 0

Answer:

$1032.87

Step-by-step explanation:

First we need to calculate the interest

Interest = Principal * rate * time/100

Interest = 1000 * 12 * 100/365 * 100

Interest = 12000/365

Interest = 32.87

maturity value = Principal + Interest

maturity value = 1000 + 32.87

maturity value = $1032.87

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3 years ago
When are the absolute value and the opposite of a rational number equal
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What is the following simplified product? Assume x greater-than-or-equal-to 0 2 StartRoot 8 x cubed EndRoot (3 StartRoot 10 x Su
dalvyx [7]

The simplified expression of 2√8x³(3√10x⁴ - x√5x²) is 24x³√5x  - 4x³√10x

<h3>How to determine the simplified product?</h3>

The complete question is added as an attachment

From the attached figure, the product expression is:

2√8x³(3√10x⁴ - x√5x²)

Evaluate the exponents

2√8x³(3√10x⁴ - x√5x²) =  2 *2x√2x(3x²√10 - x²√5)

Evaluate the products

2√8x³(3√10x⁴ - x√5x²) =  4x√2x(3x²√10 - x²√5)

Open the bracket

2√8x³(3√10x⁴ - x√5x²) =  12x³√20x  - 4x³√10x

Evaluate the exponents

2√8x³(3√10x⁴ - x√5x²) = 24x³√5x  - 4x³√10x

Hence, the simplified expression of 2√8x³(3√10x⁴ - x√5x²) is 24x³√5x  - 4x³√10x

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