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
Please solve with explanation
mars1129 [50]

9514 1404 393

Answer:

  4 : 1

Step-by-step explanation:

Each segment joining midpoints is called a "midline." It is parallel to the segment not being joined, and is half its length. All the dimensions of the smaller triangle are half those of the larger triangle. (They are similar triangles.) The ratio of areas is the square of the ratio of side lengths:

  2² : 1² = 4 : 1 . . . . . . ratio of triangle areas

6 0
2 years ago
True or false: if a figure is a hexagon, then it is a regular polygon
Elan Coil [88]
False, the Hexagon can be a regular polygon or it cannot be a regular polygon. There is not enough information given so therefor false.
4 0
3 years ago
40 POINTS
kaheart [24]

Answer:

He can make a maximum of $480.

Step-by-step explanation: Technically he can win all 60 times so the maximum is 60*8 = 480


8 0
3 years ago
Mr. Williams is driving on a highway at an average speed of 50 miles per hour. His destination is 100 miles away. The
svetlana [45]

Answer:

t = -d/50 + 2

0.5 hour

Step-by-step explanation:

Given the equation:

d = 50 - 100t

The inverse function:

A.) solving for t

d = 100 - 50t

d - 100 = - 50t

Divide both sides by - 50

d/-50 - (100/-50) = - 50t/-50

-d/50 - (-2) = t

t = -d/50 + 2

B) using the inverse function:

t = -d/50 + 2

Miles driven (d) = 75, find time (t)

t = - 75/50 + 2

t = - 1.5 + 2

t = 0.5

t is in hours, therefore time left to travel is 0.5 hours or 30 minutes

4 0
3 years ago
The sum of three consecutive numbers is equal to 123. What are the numbers?
Zina [86]

Answer:

40, 41, 42

Step-by-step explanation:

x +x+1+x+2=123

3x+3=123

3x=123-3

3x=120

x=120:3

x=40(the first number

40+1=41 (the second number

40+2=42 (the third number

4 0
4 years ago
Other questions:
  • Wilma used 25 square cm. of construction paper to make a card in the shape of a square. She put a lace border around the card. H
    11·1 answer
  • Can I please have help on 9-11?
    15·1 answer
  • Helppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
    11·1 answer
  • Im not shure what the answer is ​
    7·2 answers
  • What is the equation of the line that passes through the point (5, - 7) and has a slope of
    10·2 answers
  • The price of a climbing trip to Mount Kilimanjaro includes an initial fee plus a constant fee per meter.
    12·1 answer
  • Write in slope-intercept form an equation of a line that passes through the point (-2, 7) and m= -4.
    13·1 answer
  • What is the x, y, and z for this question?
    6·1 answer
  • 3 On Monday, three hundred ninety-three students went on a trip to the zoo. All eight buses were
    6·1 answer
  • Find the slope of y=1/3x + 2/5
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!