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Date repaid Aug 17th Exact timeInterestMaturity valuePrincipal$ 1,200Interest rate6%Date borrowedMay 15th
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Date repaid Aug 17th Exact timeInterestMaturity valuePrincipal$ 1,200Interest rate6%Date borrowedMay 15th

Date repaid Aug 17th Exact timeInterestMaturity valuePrincipal$ 1,200Interest rate-example-1
User Rabbitco
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1 Answer

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Exact time: 94 days

Interest: ?

Maturity Value: ?

Step-by-step explanation:

.Between May 15th and Aug 17th there are 94 days.

. Interest : 1

. Maturity value : 1 200

Formula:

Maturity value: MV


MV=P*(1+r)^n

User Hellen
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