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2 years ago

9

Joyce Stein borrowed 8,460 from Merchants Trust to pay for some merchandise for her dress shopThe loan is for 45 days at 8.75 pe

rcent exact interestWhat is the maturity value of the loan

1 answer:

disa [49]2 years ago

8 0

Answer:

9.75

Step-by-step explanation:

Calculate the maturity value of a simple interest 8 month loan of Php8000 if the interest rate is 9.75.

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Mashutka [201]

Answer:

$9 + \frac{n}{3} - 6 = 7$

Step-by-step explanation:

Given

$9 + \frac{n}{3} - 6$

Required

Evaluate when n = 12

Substitute 12 for n in $9 + \frac{n}{3} - 6$

$9 + \frac{n}{3} - 6 = 9 + \frac{12}{3} - 6$

Simplify the fraction

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