You divide the percent by 100 then you would get a fraction
The maturity value is the principal value together with interest due.
.. mv = P +Prt
.. = 5350*(1 +0.085*120/360) . . . . . . year is 360 days for "ordinary interest"
.. ≈ 5501.58
The maturity value is $5501.58.
Answer:
Explanation:
In the first example the division results in a radical, not a polynomial.
The remaining examples are not counter-examples (they do result in a polynomial)
This is really simple. We know that landing a 6 is a 2/7 chance that means there is a 5/7 chance of NOT landing a 6 which means that the probability of landing a number that is not 6 would be 5/7. Your answer is D.) 5/7
