Register

Seman Samudhi obtained a $2,000 loan to purchase a computer. His interest rate is 7% ordinary interest for 108 days. How much interest does he owe and what is the maturity value…

Seman Samudhi obtained a $2,000 loan to purchase a computer. His interest rate is 7% ordinary interest for 108 days. How much interest does he owe and what is the maturity value…
112k views
3 votes
Seman Samudhi obtained a $2,000 loan to purchase a computer. His interest rate is 7% ordinary interest for 108 days. How much interest does he owe and what is the maturity value of the loan?

User Wklbeta
by
8.7k points

1 Answer

5 votes
interest= principle*rate*time/100
(2000*7%*108/365)/100=41.424
total interest is 41.424. and maturity value is 2000+41.424=2041.424
User Rndmcnlly
by
9.3k points
← Prev Question Next Question →

Related questions

User TheFullResolution
asked Mar 12, 2018 66.0k views
What Adds a chemical fluid to the seman
TheFullResolution asked Mar 12, 2018
by TheFullResolution
9.2k points
1 answer
3 votes
66.0k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!