1 . Find the maturity value of a loan of $18758 after ten months. The loan carries...
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1 . Find the maturity value of a loan of $18758 after ten months. The loan carries a simple interest rate of 10.6% per year, round to the nearest cent.
2. David Jones deposits $2,800 in an account that pays simple interest. When he withdraws her money ten months later, he receives $2,963.33.What rate of interest did the account pay? Round to the nearest whole percent.
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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