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
Marrrta [24]
3 years ago
15

Stephen Simmons received a single payment loan for a loan for $6,200. he agreed to repay the loan and 160 days at an interest ra

te of 10% ordinary interest. What is the maturity value of his loan when he pays it back in 160 days. 
Mathematics
1 answer:
IRISSAK [1]3 years ago
7 0

9514 1404 393

Answer:

  $6475.56

Step-by-step explanation:

The maturity value is ...

  A = P(1 +rt)

where P is the principal amount, r is the annual rate, and t is the number of years. For ordinary interest, a year is 360 days, so the number of years is 160/360 = 4/9.

The loan value is ...

  A = $6200(1 + 0.10×4/9) ≈ $6475.56

Stephen's loan has a maturity value of $6,475.56.

You might be interested in
What is the approximate lateral area of the cylinder? Use 3.14 for r and round to
marusya05 [52]

Answer:

The answer is C) 678 cm2 :)

Step-by-step explanation:

3 0
3 years ago
Barry bought 18.50 meters of light rope at ​$0.480 per meter and three meters of heavy rope at​ $1.08 per meter. How much change
Tema [17]

Answer:$2.88

Step-by-step explanation:

7 0
3 years ago
N(-2,-2) After a rotation 90 degrees counterclockwise
RUDIKE [14]

Answer: (2,-2)

Step-by-step explanation:

Rotating 90 degrees counterclockwise (about the origin) maps (x,y) onto (-y,x), so the answer is <u>N'(2,-2)</u>

6 0
2 years ago
What percentage of the distance covered by an Olympic triathlon do athletes cycle if the swim for 3%, run for 20% and cycle the
Dafna1 [17]
100- (20+3)
=100-23
=77%
4 0
3 years ago
1.How much taller Porter is than Henry, given that Porter is n inches tall and Henry is m inches tall. 2.How many times as tall
EleoNora [17]

Answer:

Porter is n-m inches taller than Henry.

Porter is \frac{n}{m} times taller than henry.

Step-by-step explanation:

The difference in height can be found using subtraction.

Since Porter is taller than Henry, we'll subtract away Henry's height from Porter's height. This will leave us with only the difference between the heights.

n = Porter's height

m = Henry's height

Difference in height is thus:

n-m

Answer: Porter is n-m inches taller than Henry.

To find out how many times taller Porter is than Henry, we can use division.

An example: if Porter was 200cm, and Henry was 100cm, Porter is obviously 2 times as tall.

If we divide Porter's height by Henry's height...

\frac{200}{100}=2

..we'll get 2. This is because Henry's height "fits in twice" in Porter's height. 100 fits twice in 200.

Using our values, n and m, we'll divide n by m.

\frac{n}{m}

Answer: Porter is \frac{n}{m} times taller than henry.

3 0
3 years ago
Other questions:
  • Where is the answer to the expression 4 − 8 located on a horizontal number line? 4 units to the left of 4
    8·1 answer
  • In this equation, is x positive, negative, or zero?<br><br><br> x + 5 = -8
    14·2 answers
  • 3. Perimeter:<br> How to find perimeter
    12·2 answers
  • 5&gt;r-3 I need help with this
    15·2 answers
  • Suppose that the probability that a person books a hotel using an online travel website is 0.68. For the questions that follow,
    14·1 answer
  • Simplify y 2 + 4y - 16y + 3y 2.
    11·2 answers
  • A flower grows 6 centimeters in 2 months.<br> How many centimeters does it grow in one<br> week?
    14·2 answers
  • Find the area of a trapezoid below.<br><br> 3 m<br> 4 m<br> 6 m
    14·1 answer
  • Hi guys I am new here. Let me introduce myself . Jasmin, 15 years old and in 9th class. Hope I will have a good time in here.​
    6·1 answer
  • Please help on this mathematical problem
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!