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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Canucklesandwich asked Aug 12, 2023

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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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Canucklesandwich asked Aug 12, 2023

by Canucklesandwich

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Answer:

9.75

Explanation:

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

Eadam answered Aug 15, 2023

by Eadam

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