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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 percent exact interestWhat is the maturity value of the loan
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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 percent exact interestWhat is the maturity value of the loan

User Pavlo Neiman
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1 Answer

8 votes

Answer:

9.75

Explanation:

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

User Alpa
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