Answer:
i have written and above.
<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:
C
Step-by-step explanation: